Shreveport Collision Repair Investment
2575 E 70th St, Shreveport, LA 71105
Two STNL Gerber Collision & Glass locations for sale.
Type:Retail
Property size:
12,720 SFPrice / SF:
$180/SF- Added:
- Nov 30, 2023
- Days on Market:
- 915
- Last Refresh:
- May 12 at 8:12 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
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
HighLights
- STNL property leased to Gerber Collision & Glass.
- Below‑market rental rates providing higher profit margin potential.
- Prime retail locations in Shreveport‑Bossier City, Louisiana.
- Leases include 10% rental increases every five years.
- New roofing systems installed in January 2024 with a 20‑year warranty.
- Long‑term lease structure with over twenty‑eight years of combined primary term and four (4) 5‑year 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. 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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.8k | $15.00 |
| − Vacancy | −$10.7k | −$0.84 |
| EGI | $180.1k | $14.16 |
| − OpEx | −$54.0k | −$4.25 |
| NOI | $126.1k | $9.91 |
12,720 SF · lease $15.00/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.80M
$1.58M – $2.10M
NOI $126,081 @ 7.0% cap · market cap 5.48%
Second Best
Industrial
$1.14M
$995.8K – $1.33M
NOI $79,666 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,930 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Riverside Marine
(Bike/Boat/Book/etc) Store
Gerber Collision & Glass
Auto Repair Shop
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
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 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.
