1704 S Lewis St | New Iberia, LA 70560
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1704 S Lewis St
New Iberia, LA 70560
Gerber Collision | Annual Rent Bumps · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Automotive Repair Investment with National Tenant
- Business Recently Acquired by Gerber Collision| 700+ Locations
- Recent Capital Expenditures include New HVAC Units, Roof & External Metal Siding
- Attractive 7.10% Cap Rate | 1.5% Annual Rent Bumps
- 20% Below Market Rent at $5.78/SF (According to CoStar) | Allows for Sustainable Long-Term Commitment to the Location
- Upside through Leasing 1,700 SF of Office Space
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,845 SF
Building Class
C
Year Built
1990
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.40 AC
PROPERTY TAXES
| Parcel Number | 0200661000 | Improvements Assessment | $28,036 |
| Land Assessment | $12,628 | Total Assessment | $40,664 |
PROPERTY TAXES
Parcel Number
0200661000
Land Assessment
$12,628
Improvements Assessment
$28,036
Total Assessment
$40,664
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