Gerber Collision Glass — Sale in Lacey, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lacey, WA 98503

Investment Figures

Cap rate
6.69%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale a Gerber Collision & Glass in Lacey, WA. The property features 7 years of firm lease term remaining, following a lease extension two years early from Gerber, demonstrating strong tenant commitment to the site. The lease features attractive 3% annual rent increases and is corporately guaranteed by Gerber Collision & Glass, with over 1,000 locations nationwide. The property has been well maintained with recent capital improvements including approximately $63,000 in plumbing line replacements. The lease features minimal landlord responsibilities, restricted to roof and structural elements only, providing a passive investment structure. Offered at approximately $183 per square foot, the property presents an opportunity to acquire a mission-critical collision repair facility at a basis significantly below new construction costs. The property is strategically positioned along Carpenter Road SE within an established auto-oriented corridor surrounded by complementary automotive and service tenants, and is located with convenient access to major roadways supporting efficient customer access and regional draw. Investors additionally benefit from Washington State's income tax-free structure. Investment Highlights: • Early Lease Extension | 7 Years of Term Remaining • Attractive 3% Annual Rent Increases • Strong Corporate Guarantee | 800+ Locations Nationwide • Well Maintained Property with Recent Capital Improvements • Minimal Landlord Responsibilities • Priced Below Replacement Cost | Attractive Price/SF ($183/SF) • Strategic Auto-Oriented Corridor | Established Automotive Use • Dense, Affluent, High Population Growth Market

Market Context

This retail in Lacey, WA is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Lacey, WA — view the full market.

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