3319 E Texas St Bossier City, LA 71111
Two STNL Gerber Collision & Glass locations for sale.
Type:Retail
Property size:
12,000 SF- Added:
- Nov 30, 2023
- Days on Market:
- 865
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 3319 E Texas St
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
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
STNL Gerber Collision 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. (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
Insight Report
Location Intelligence
Current Use by Public Records
Gerber Collision & Glass
Auto Repair Shop
Similar Places Nearby
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- Goldman Equipment, LLC — 3365 Old Minden Rd, Bossier City, LA 71112
- Blackburn Radiator Shop — 3406 LA-782-2, Bossier City, LA 71112
Location Insight
- Map
- Local Demand
- City
- Bossier City
- County
- Bossier
- State
- Louisiana
- Longitude
- -93.695721
- Latitude
- 32.529339
Nearby Similar for Sale
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 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.
