Gerber Collision Investment
17014 Airline Hwy, Prairieville, LA 70769
NNN leased Gerber Collision and Glass in Prairieville, Louisiana.
Type:Retail
Property size:
17,149 SFPrice / SF:
$131/SF- Added:
- Aug 14, 2025
- Days on Market:
- 317
- Last Refresh:
- Mar 17 at 1:21 pm
Property Features for 17014 Airline Hwy
General Information
- Standard status
- Active
- Size
- 17,149 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing office SRS Real Estate Partners Newport Beach
Listing date Aug 14, 2025
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 SRS Real Estate Partners Newport Beach
HighLights
- New 5‑year lease with Gerber Collision and Glass, a major national tenant.
- Located in a high‑traffic area with over 50,000 vehicles passing daily on Airline Highway.
- Lease includes 10% rental increases at the beginning of each 5‑year option period.
- Minimal landlord responsibilities, making it a low‑management, passive investment.
- Strong demographics with a population of over 80,000 and 25,000 employees within a 5‑mile radius.
- Adjacent to Interstate 10 and near national retailers.
Overview
The property is a Gerber Collision and Glass investment opportunity located in Prairieville, Louisiana. The tenant recently signed a new 5-year lease with two 5-year options to extend. The lease includes 10% rental increases at the beginning of each option period. The property is located along a highly trafficked corridor with an average of over 50,000 vehicles passing daily and benefits from significant frontage and visibility on Airline Highway, the major retail and commuter thoroughfare serving the Baton Rouge MSA. It is adjacent to Interstate 10, which sees over 103,000 vehicles per day. Nearby national tenants include Walmart Supercenter, Albertsons, Dollar Tree, CVS Pharmacy, Chick-fil-A, Taco Bell, Raising Cane’s, and Sherwin-Williams. The surrounding trade area has experienced steady population growth of over 2% annually over the past decade, adding more than 17,000 new residents since 2010. The population within a 5-mile radius is projected to grow by more than 3,100 residents by 2030. The 5-mile trade area is supported by a population of over 80,000 residents and 25,000 employees with an average household income of $140,000.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.2k | $15.00 |
| − Vacancy | −$25.7k | −$1.50 |
| EGI | $231.5k | $13.50 |
| − OpEx | −$69.5k | −$4.05 |
| NOI | $162.1k | $9.45 |
17,149 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.70M
NOI $162,058 @ 7.0% cap · market cap 7.16%
Second Best
Industrial
$1.25M
$1.09M – $1.46M
NOI $87,547 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,409 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Rivertown Collision Center
Auto Repair Shop
Similar Places Nearby
- Royal tire — 15463 Airline Hwy, Prairieville, LA 70769
- Tires — 15442 US-61, Prairieville, LA 70769
- Tyra's Total Automotive, Inc — 16008 LA-73, Prairieville, LA 70769
- Jazz Auto Glass & Tint — 38068 Post Office Rd, Prairieville, LA 70769
- Royal Express Tire — 15463 Airline Hwy, Prairieville, LA 70769
Location Insight
- Map
- Local Demand
- City
- Prairieville
- County
- Ascension
- State
- Louisiana
- Longitude
- -90.976449
- Latitude
- 30.3170156
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - NNN leased Gerber Collision and Glass in Prairieville, Louisiana.
Where is this auto shop located?
The property is located at 17014 Airline Hwy Prairieville, LA.
What is the asking price?
The asking price for this property is $2,263,000.
What are key features of this property?
This property features: New 5‑year lease with Gerber Collision and Glass, a major national tenant.; Located in a high‑traffic area with over 50,000 vehicles passing daily on Airline Highway.; Lease includes 10% rental increases at the beginning of each 5‑year option period.
