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Gerber Collision & Glass - Danville, VA 3943 U S Highway 29 12,730 SF Retail Building Danville, VA 24540 $2,735,350 ($214.87/SF) 6.49% Cap Rate
Investment Highlights
- Gerber Collision & Glass is the nation’s 2nd leading collision repair company with 1,300+ locations across the U.S. and an annual revenue of $3.14B.
- Purpose-built and extensively improved in 2008 to accommodate specialized collision repair operations.
- Positioned within a designated opportunity zone, offering significant tax advantages for long-term investors.
- The tenant is responsible for all operating expenses, maintenance, repairs, insurance, and taxes, resulting in zero landlord responsibilities.
- Gerber Collision & Glass operates two locations in Danville, with no other Corporate Consolidators competing in the market.
- Collision repair demand is driven by insurance claims and vehicle miles traveled, providing stable performance across economic cycles.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 12,730 SF Gerber Collision & Glass located at 3943 US Highway 29 in Danville, VA. This purpose-built collision repair facility features specialized automotive improvements completed in 2008 and was later acquired by Gerber Collision & Glass in 2019. The property's tailored design, established operating history, and tenancy with a leading national collision repair operator provide investors with a unique and compelling automotive service investment opportunity.
In Cooperation With Sands Investment Group, Inc - Lic. #0226037527 BoR: Tom Gorman - Lic. VA #0225269275
In Cooperation With Sands Investment Group, Inc - Lic. #0226037527 BoR: Tom Gorman - Lic. VA #0225269275
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,730 SF
Building Class
B
Year Built
2008
Price
$2,735,350
Price Per SF
$214.87
Cap Rate
6.49%
NOI
$177,570
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.35 AC
Opportunity Zone
Yes
Zoning
B-2 - General Business
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Gerber Collision & Glass
- Retailer
- 12,730 SF
- $13.95
- Aug 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Gerber Collision & Glass | Retailer | 12,730 SF | $13.95 | Aug 2029 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 2420-63-1109 | Improvements Assessment | $621,800 |
| Land Assessment | $149,200 | Total Assessment | $771,000 |
Property Taxes
Parcel Number
2420-63-1109
Land Assessment
$149,200
Improvements Assessment
$621,800
Total Assessment
$771,000
Contacts
-
Clayton Coassin -
Gary Berwick -
Bryce Pugh -
Cade Hohl -
Sands Investment Group, NC
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Gerber Collision & Glass - Danville, VA | 3943 U S Highway 29
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