For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

2575 E 70th St Shreveport, LA 71105

View on Map
Claim this Listing
Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

Two STNL Gerber Collision & Glass locations for sale.

Type:Retail
Property size:
12,720 SF
Added:
Nov 30, 2023
Days on Market:
870
Last Refresh:
Mar 17 at 1:24 pm

Property Features for 2575 E 70th St

General Information

Standard status
Active
Size
12,720 SF
Property subtype
Retail

Building Details

Year Built
2000

We can help!

Listing Contact
Trenton Siskron

Listing agent Trenton Siskron License #LA 0995687110

Listing office KW Commercial NWLA

Listing date Nov 30, 2023

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 KW Commercial NWLA


Overview

Shreveport Collision Repair Investment Opportunity

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Riverside Marine (Bike/Boat/Book/etc) Store Gerber Collision & Glass Auto Repair Shop

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

  • Don's Auto & Truck Repair 8015 Grant Berry Pl, Shreveport, LA 71106
  • Linwood tires and more 7829 Linwood Ave, Shreveport, LA 71106
  • Wally's discount tire 7704 Linwood Ave, Shreveport, LA 71106
  • The Jackson Boys Tire Shop 568 W 70th St, Shreveport, LA 71106
  • ATM (Pel State Fina) 7902 Line Ave, Shreveport, LA 71106

Location Insight

  • Map
  • Local Demand
City
Shreveport
County
Caddo
State
Louisiana
Longitude
-93.693834
Latitude
32.452231

FAQs

What type of property is this?
Auto shop - Two STNL Gerber Collision & Glass locations for sale.
Where is this auto shop located?
The property is located at 2575 E 70th St Shreveport, LA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: STNL property leased to Gerber Collision & Glass.; Below‑market rental rates providing higher profit margin potential.; Prime retail locations in Shreveport‑Bossier City, Louisiana.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message