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Gerber Collision & Glass - Raleigh, NC 2821 Capital Blvd 17,835 SF Retail Building Raleigh, NC 27604 $4,049,035 ($227.03/SF) 6.25% Cap Rate
Investment Highlights
- Gerber Collision & Glass is the nation’s 2nd leading collision repair company with 850+ locations across the U.S. and an annual revenue of $3.1B .
- The property is approximately 3.5 miles from downtown and located just one lot over from an Exxon gas station on a signalized hard corner.
- Raleigh is the 2nd largest metro in the state. Since 2020, the Raleigh–Cary metro area has grown by 10.2% to 1.6 million people (Axios–Raleigh).
- This property is situated on Capital Boulevard in Raleigh, seeing over 68,849 vehicles per day (VPD).
- According to a CNBC study, North Carolina ranks #1 in America’s top states for business.
- Gerber Collision & Glass (Tru2Form) has operated at this location since 1998 and is currently in its 4th option period, with two (5-year) renewal.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 17,835 SF Gerber Collision & Glass located at 2821 Capital Boulevard in Raleigh, NC. This property boasts over 180 feet of prime frontage along Capital Boulevard, with 2 convenient access points providing excellent visibility and accessibility. The rear building roof was replaced in 2025 and is backed by a 20-year warranty, while the front roof was replaced in 2019, ensuring minimal near-term capital expenses. Overall, this offering presents a strong and reliable investment opportunity in a high-traffic commercial corridor.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,835 SF
Building Class
C
Year Built
1965
Price
$4,049,035
Price Per SF
$227.03
Cap Rate
6.25%
NOI
$253,064
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
2.24 AC
Zoning
NB
Parking
45 Spaces (2.52 Spaces per 1,000 SF Leased)
Frontage
33’ on Capital Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gerber Collision & Glass
- Retailer
- 17,835 SF
- $14.19
- Triple Net
- Jul 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gerber Collision & Glass | Retailer | 17,835 SF | $14.19 | Triple Net | Jul 2028 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1715.16-93-4353-000 | Improvements Assessment | $2,198,746 |
| Land Assessment | $1,600,830 | Total Assessment | $3,799,576 |
Property Taxes
Parcel Number
1715.16-93-4353-000
Land Assessment
$1,600,830
Improvements Assessment
$2,198,746
Total Assessment
$3,799,576
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