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STNL Gerber Collision Investment Opportunity

3319 E Texas St, Bossier City, LA 71111

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For Sale

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Two STNL Gerber Collision & Glass locations for sale.

Type:Retail

Property size:

12,000 SF

Price / SF:

$191/SF

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and status of this listing

Trenton Siskron

Real Estate License ID: LA 0995687110

HighLights

STNL property leased to Gerber Collision & Glass.
Below‑market rental rates offer higher profit margin potential.
Recent roof replacements (January 2024) with a 20‑year warranty.
Leases include 10% rental increases every five years.
Prime retail locations in the Shreveport‑Bossier City market.
Long‑term lease structure with over twenty‑eight years of combined primary term and options.

For Sale

Contact for pricing

Two STNL Gerber Collision & Glass locations for sale.

Type:Retail

Property size:

12,000 SF

Price / SF:

$191/SF

Added:: Nov 30, 2023
Days on Market:: 950
Last Refresh:: Jun 28 at 5:49 am

Property Features for 3319 E Texas St

General Information

Standard status: Active
Size: 12,000 SF
Property subtype: Retail

Building Details

Year Built: 2006

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Contact an agent

Trenton Siskron

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

HighLights

STNL property leased to Gerber Collision & Glass.
Below‑market rental rates offer higher profit margin potential.
Recent roof replacements (January 2024) with a 20‑year warranty.
Leases include 10% rental increases every five years.
Prime retail locations in the Shreveport‑Bossier City market.
Long‑term lease structure with over twenty‑eight years of combined primary term and options.

Overview

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. (BGSI). 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. The leases provide 10% rental increases every five years, including during the option periods. One of the Gerber Collision & Glass locations is at 3319 E Texas St, Bossier City, LA 71111. The property size is 12000 SF. Another Gerber Collision & Glass location for sale is at 2575 East 70th Street, Shreveport, LA 71105.

Property Profile Location Intelligence

Current Use by Public Records

Gerber Collision & Glass Auto Repair Shop

Suggested Use

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Location Insight

Map
Local Demand

City: Bossier City
County: Bossier
State: Louisiana
Longitude: -93.695721
Latitude: 32.529339

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For sale
Auto shops
LA
Bossier City
71111
3319 E Texas St

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 3319 E Texas St Bossier City, 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 offer higher profit margin potential.; Recent roof replacements (January 2024) with a 20‑year warranty.

3319 E Texas St, Bossier City, LA 71111

Two STNL Gerber Collision & Glass locations for sale.

Property Features for 3319 E Texas St

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Zoned Commercial Land with Metal Building

Freestanding Showroom and Warehouse Property

Office Building with Parking

Industrial Flex Buildings with Office

Dental Office Suite

Remodeled Corner Retail Building

Automotive Property for Sale

Specialty Commercial Property

Two-Building Office and Flex Property

Large Office Suite for Flexible Use

High-Traffic Corner Auto Property

Versatile Commercial Property on Texas Street

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