Gerber Collision Lacey Investment
1124 Carpenter Rd SE, Lacey, WA 98503
Leased auto repair facility with long-term tenant and rent increases.
Type:Retail
Property size:
19,262 SFPrice / SF:
$183/SF- Added:
- Mar 19, 2026
- Days on Market:
- 55
- Last Refresh:
- Mar 20 at 8:51 pm
Property Features for 1124 Carpenter Rd SE
General Information
- Standard status
- Active
- Size
- 19,262 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agent Clayton J. Brown License #WA 123258
Listing office Marcus & Millichap - Seattle
Listing date Mar 19, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Seattle
HighLights
- 7 years of firm lease term remaining with Gerber Collision & Glass, demonstrating strong tenant commitment.
- Corporately guaranteed lease by Gerber Collision & Glass, a national company with over 1,000 locations.
- Attractive 3% annual rent increases.
- Minimal landlord responsibilities (roof and structural elements only), providing a passive investment.
- Located in an established auto‑oriented corridor with convenient access to major roadways.
- Washington State's income tax‑free structure benefits investors.
Overview
This commercial property in Lacey, WA, is a Gerber Collision & Glass facility. The property has 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 3% annual rent increases and is corporately guaranteed by Gerber Collision & Glass, which has 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. The property is strategically positioned along Carpenter Road SE within an established auto-oriented corridor surrounded by complementary automotive and service tenants, and is located with convenient access to major roadways supporting efficient customer access and regional draw. The property contains 19,262 square feet and is positioned within an established auto-oriented corridor. Washington State's income tax-free structure may be beneficial to investors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- Architectural Glass Storefronts Inc. — 5703 16th Ave SE, Lacey, WA 98503
- Auto Elements NW — 1220 Homann Dr SE, Olympia, WA 98503
- Armas Autoworks — 1220 Homann Dr SE, Lacey, WA 98503
- Lacey Collision Center — 1215 Carpenter Rd SE, Lacey, WA 98503
- Automotive Artistry LLC — 5711 Lacey Blvd SE #308, Lacey, WA 98503
Location Insight
- Map
- Local Demand
- City
- Lacey
- County
- Thurston
- State
- Washington
- Longitude
- -122.7999141
- Latitude
- 47.0365765
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Leased auto repair facility with long-term tenant and rent increases.
Where is this auto shop located?
The property is located at 1124 Carpenter Rd SE Lacey, WA.
What is the asking price?
The asking price for this property is $3,525,000.
What are key features of this property?
This property features: 7 years of firm lease term remaining with Gerber Collision & Glass, demonstrating strong tenant commitment.; Corporately guaranteed lease by Gerber Collision & Glass, a national company with over 1,000 locations.; Attractive 3% annual rent increases.
