3319 East Texas Street Bossier City, LA 71111
Two STNL Gerber Collision & Glass locations for sale.
Type:SCR-AUTO, SCR-COM, SCR-VEH
- Added:
- Nov 29, 2023
- Days on Market:
- 865
- Last Refresh:
- Apr 3 at 5:03 am
Property Features for 3319 East Texas Street
General Information
- Standard status
- Active
- Property subtype
- SCR-AUTO, SCR-COM, SCR-VEH
Building Details
- Year Built
- 2006
Listing agent Trenton Siskron License #995687110, LA (713) 865-1844
Listing office KW Commercial | Keller Williams Realty NWLA | Trenton Siskron (713) 865-1844
Listing date Nov 29, 2023
Source Realnex
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 | Keller Williams Realty NWLA | Trenton Siskron
Overview
STNL Gerber Collision & Glass
Two STNL Gerber Collision & Glass locations are available for sale in the Shreveport-Bossier City, Louisiana Market. The tenant, Gerber, has 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 that are almost half of the $20.00/SF/Yr NNN rate paid by a national competitor that recently entered the market by primarily constructing new facilities. Gerber's current rent-to-sales ratio is estimated to be between 4.0% and 5.5% for both stores. The leases provide 10% rental increases every five years, including during the option periods. The properties are suitable for investors, leased to a collision industry leader with over twenty-eight years of the combined primary term and four 5-year options. Additional Geber Collision & Glass For Sale 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
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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 East Texas Street 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: Two STNL properties leased to Gerber Collision & Glass.; Recent roof replacements at both locations with a 20‑year warranty (starting January 2024).; Below‑market rental rates compared to a national competitor.
