STNL Gerber Collision Investment
For Sale
$2,162,000
3319 E Texas St, Bossier City, LA 71111
Two STNL Gerber Collision & Glass locations for sale.
Property Size12,000 SF
Price / SF$180.17
Days on Market1051
Property Features for 3319 E Texas St
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Retail
Zoning
B-3
Building Details
Year Built
2006
Listing Agency:
KW Commercial NWLA
Listed By:
Trenton Siskron · License #0995687110
(318) 213-1555
Source:
Lacdb.resimplifi
Added: Nov 28, 2023
Changed: Oct 13
Last Checked: Oct 12 at 4:45PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,647
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,940
$1.6M
Cap Rate 7%
$1,109,243
$1.1M
Cap Rate 9%
$862,744
$862.7K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$116.6K $9.72/SF
− Vacancy
−$5.7K −$0.48/SF
EGI
$110.9K $9.24/SF
− OpEx
−$33.3K −$2.77/SF
NOI
$77.6K $6.47/SF
Area
Bossier County, LA
Vacancy
4.90%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,940
Cap Rate 7%
$1,109,243
Cap Rate 9%
$862,744
Alternative Uses
Best Use
Retail
$1.11M
$970.6K – $1.29M
NOI $77,647 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$1.01M
$880.7K – $1.17M
NOI $70,459 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,991 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
116k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 22%
Hotels & Casinos 1%
Starbucks
Dining
19,728 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
17,505 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
16,070 visits/mo
0.4 miles
IHOP
Dining
12,165 visits/mo
0.5 miles
Taco Bell
Dining
10,943 visits/mo
0.4 miles
Demographics for 71111, LA
44,476
Population
19,563
Households
2.3
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
45.2 sq mi
ZIP Area
984
Density / Sq Mi
$66,465
Median Household Income
$43,483
Median Earnings
$1,065
Median Rent
$268,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
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 $2,162,000.
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.
