1704 S Lewis St, New Iberia, Louisiana 70560
Gerber Collision & Glass is a retail for sale in New Iberia, Louisiana, listed at $684,310. Key details: building size 11,000 sqft, occupied Yes, occupancy 100%, property status Normal Sale. Listed by Ayson Shammami of APEX Commercial Real Estate Advisors on LoopingCloud and last updated August 31, 2026.
An exceptional high-yield commercial real estate acquisition opportunity featuring a freestanding 11,000-square-foot commercial asset. Offered at $684,480, this property is 100% single-tenant occupied by Gerber Collision & Glass, one of North America's premier collision repair and automotive service operators. Delivering an immediate 7.97% cap rate and $54,553 in annual Net Operating Income (NOI), this offering provides investors with predictable cash flow, contractual annual rent growth, and low landlord management obligations.
Purchase Price: $684,480
Cap Rate: 7.97%
Annual Net Operating Income (NOI): $54,553
Tenant / Brand: Gerber Collision & Glass
Parent Company / Guarantee: Backed by Boyd Group Services Inc. (TSX: BYD / OTC: BFGIF)
Building Size: 11,000 Net Rentable SF
Property Type: Net-Lease Retail / Automotive Service / Flex Storefront
Occupancy: 100% Single-Tenant
Lease Structure: Double Net (NN) — Minimal Landlord Responsibilities
Rent Escalations: 1.5% Annual Increases (Contractual Inflation Protection)
Remaining Lease Term: ~1.9 Years (Initial Term Expiration: July 20, 2028)
Renewal Options: Three (3) Additional 5-Year Options
Ownership: Fee Simple
Gerber Collision & Glass is a market leader in collision repair, auto glass replacement, and vehicle maintenance, operating over 500 locations across North America under parent entity Boyd Group Services Inc.:
Recession-Resilient Industry: Collision repair and automotive service represent essential, non-disruptible commercial sectors insulated from e-commerce competition and economic downturns.
Built-In Income Expansion: Features contractual 1.5% annual rental increases, ensuring compound NOI appreciation every year throughout the initial lease term and extension options.
Management-Light NN Lease: Under the Double Net structure, operating overhead and day-to-day maintenance burdens are shifted to the tenant, offering investors a low-maintenance, passive income stream.
The property features a substantial physical footprint with versatile commercial capabilities and high visual exposure:
Substantial Physical Asset: The 11,000 SF building provides expansive interior floor space, functional service/showroom bays, and strong curb appeal with wide storefront frontage.
High-Visibility Commercial Corridor: Positioned along a heavily traveled thoroughfare, the site captures steady daily drive-by traffic and continuous customer volume.
Ample On-Site Parking: Generous dedicated parking area accommodating customer vehicles, staff parking, and vehicle staging.
Dense Submarket Fundamentals: Embedded within a mature commercial and residential trade area, providing a steady stream of local customer demand and vehicle service volume.
High 7.97% Going-In Cap Rate producing $54,553 in stable annual NOI.
Nationally Recognized Brand backed by industry leader Boyd Group Services Inc.
1.5% Annual Rent Bumps delivering predictable compound yield enhancement.
Substantial 11,000 SF Building offering long-term real estate utility and strong physical footprint value.
Passive Double Net (NN) Structure creating low-overhead, passive cash flow.
Three 5-Year Renewal Options extending potential tenancy well into the future.
Key highlights
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Source: Yearly tax returns
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2026 | - | - | - | $54,553 | - | - |
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $684,310 | 7.97% | - | - | - |
Address as shown by the lister.
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Gerber Collision & Glass is listed at $684,310. That works out to about $62 per square foot. The stated cap rate is 7.97%.
The property is in 1704 S Lewis St, New Iberia, Louisiana 70560, Iberia County.
This is a retail for sale in the commercial category.
The building is 11,000 sqft.
The lister indicates: Third Party Financing.
Ayson Shammami of APEX Commercial Real Estate Advisors listed this property. Use the Request Info button to send a message or call (248) 554-5709.
It was published on August 31, 2026 and last updated on August 31, 2026.
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