Description
For sale a Gerber Collision & Glass in Lacey, WA. The property features 7 years of firm lease term remaining, following a lease extension two years early from Gerber, demonstrating strong tenant commitment to the site. The lease features attractive 3% annual rent increases and is corporately guaranteed by Gerber Collision & Glass, with over 1,000 locations nationwide. The property has been well maintained with recent capital improvements including approximately $63,000 in plumbing line replacements. The lease features minimal landlord responsibilities, restricted to roof and structural elements only, providing a passive investment structure. Offered at approximately $183 per square foot, the property presents an opportunity to acquire a mission-critical collision repair facility at a basis