224 Commerce Ave
Lagrange, GA 30241
Gerber Collision | Enterprise Rent a Car · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recently Renovated in 2018 - Over $750,000 in Capital Improvements and Upgrades to the Facility
- The Boyd Group is Publicly Traded on the Toronto Stock Exchange (TSX: BYD.UN)
- Direct Frontage on Commerce Avenue with Over 15,700 Vehicles Per Day
- Ten-Year Corporate Backed Double Net Leases Featuring Multiple Option Periods Rental Increases in Every Option
- Enterprise Rent-A-Car is the Largest Rental Car Company in the United States
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
26,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1988/2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
6.13 AC
Zoning
023 - Commercial
AMENITIES
- Signage
ABOUT 224 COMMERCE AVE , LAGRANGE, GA 30241
Marcus & Millichap is pleased to present Gerber Collision & Glass Lagrange, a recently renovated 26,000 square foot automotive repair facility located in Lagrange, Georgia. Gerber Collision recently signed a ten year lease, guaranteed by The Boyd Group (U.S.) Inc., featuring four consecutive option periods with rent increases. Gerber Collision is one of North America’s largest collision repair companies with more than 600 locations across the United States and Canada. Enterprise Rent-a-Car also occupies a portion of the property on a separate ten year lease. Enterprise is the largest rental car company in the United States with thousands of locations worldwide.
PROPERTY TAXES
| Parcel Number | 0502D012002 | Improvements Assessment | $770,720 |
| Land Assessment | $246,000 | Total Assessment | $1,016,720 |
