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1607 East Commerce St 1607 E Commerce St 5,120 SF Retail Building Greenville, AL 36037 $420,000 ($82.03/SF) 7.34% Cap Rate
Investment Highlights
- Corporate lease with JHCC Holdings, LLC and double net lease structure.
- 7.34% cap rate with a low acquisition basis of $420,000.
- Gerber operates 1,000+ collision repair facilities across North America.
- Below-market rent of $6.56/SF vs. market rate of $10.12/SF — significant upside.
- Tenant occupied for more than 20 years with two remaining 5-year renewal options.
- Located between U.S. Highway 31 and the Greenville Bypass for convenient access.
Executive Summary
Broker Of Record
Hutt Cooke
Matthews Real Estate Investment Services, Inc
000168807-0, 000110253 - 0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Hutt Cooke
Matthews Real Estate Investment Services, Inc
000168807-0, 000110253 - 0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,120 SF
Building Class
C
Year Built
2002
Price
$420,000
Price Per SF
$82.03
Cap Rate
7.34%
NOI
$30,844
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.02 AC
Parking
10 Spaces (1.95 Spaces per 1,000 SF Leased)
Frontage
200’ on East Commerce Street
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Joe Hudson’s Collision Center specializes in high-quality auto body and collision repair services, leveraging state-of-the-art technology and skilled technicians to ensure vehicles are restored to factory standards. Our locations offer a comprehensive range of services, including body paint, structural repairs, and a lifetime warranty on metalwork. Since 1989, Joe Hudson's Collision Center has been recognized for our commitment to excellence, providing manufacturer-approved parts for a wide variety of vehicles while ensuring long-term reliability and performance.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Services | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 0904183001001002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $64,840 |
Property Taxes
Parcel Number
0904183001001002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$64,840
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1607 East Commerce St | 1607 E Commerce St