2575 E 70th St, Shreveport, LA 71105

Two STNL Gerber Collision & Glass locations are available for sale in the Shreveport-Bossier City, Louisiana market. The tenant, Gerber, recently replaced the roofing systems at both locations, with each system having a 20-year warranty that started in January 2024. Gerber is one of the operating subsidiaries of Boyd Group Services, Inc. The Boyd Group is one of the largest operators of non-franchised collision repair facilities in North America. The company is on track to double in size by 2025, based on the FY2019 constant currency basis. Prior to being purchased by Gerber, the Shreveport and Bossier stores operated as CBS Collision. Gerber was able to acquire a solid cashflow operation, as well as secure two leases at rental rates. Utilizing CBS’ trailing and projected store sales prior to the Gerber purchase, Gerber’s current rent-to-sales ratio is estimated to be between 4.0% and 5.5% for both stores. Both Gerber stores have significantly higher profit margin potential than most retail sales businesses and/or the ability to absorb potential short-term fluctuations in the local collision repair industry. With both stores having prime retail locations, as well as substantially low rent-to-sales ratios, an investor has the opportunity to invest in two, high-quality properties leased to a collision industry leader with over twenty-eight years of the combined primary term and four (4) 5-year options. In addition, the leases provide an investor 10% rental increases every five years, including during the option periods. One of the locations is at 2575 E 70th St, Shreveport, LA 71105, and the other is at 3319 East Texas Street, Bossier City, LA 71111. The property size is 12720 square feet.