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Gerber Collision & Glass 291 12th St 12,480 SF Retail Building Plainwell, MI 49080 $1,500,000 ($120.19/SF) 6.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Investment opportunity with long term NNN lease tenant in place.
- Only nationally recognized collision brand in the Plainwell market. High volume store.
- High visibility location at 12th St with easy access to Interstate-43.
EXECUTIVE SUMMARY
$94,500 a yr rent NNN; with an increase in 7/2025 $99,228 a yr rent; 6.45 average cap rate term of the Lease
NN Lease with limited landlord responsibilities make this a passive investment. Corporate Guarantee from The Boyd Group.
Services Group; Gerber currently operates 700 locations.
Roof recently replaced, minimizing long term landlord expenses Parking lot was resealed/restriped in September of 2022.
Only nationally recognized collision brand in the Plainwell market. High volume store.
Seller will provided a current phase 1 ,2 environmental report and survey.
NN Lease with limited landlord responsibilities make this a passive investment. Corporate Guarantee from The Boyd Group.
Services Group; Gerber currently operates 700 locations.
Roof recently replaced, minimizing long term landlord expenses Parking lot was resealed/restriped in September of 2022.
Only nationally recognized collision brand in the Plainwell market. High volume store.
Seller will provided a current phase 1 ,2 environmental report and survey.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,480 SF
Building Class
C
Year Built
1998
Price
$1,500,000
Price Per SF
$120.19
Cap Rate
6.45%
NOI
$96,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.39 AC
Zoning
C - Commercial
Parking
39 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 17-025-113-00 | Improvements Assessment | $213,500 |
| Land Assessment | $90,500 | Total Assessment | $304,000 |
PROPERTY TAXES
Parcel Number
17-025-113-00
Land Assessment
$90,500
Improvements Assessment
$213,500
Total Assessment
$304,000
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Gerber Collision & Glass | 291 12th St
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