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Commercial For sale Retail Automotive

Gerber Collision & Glass

1704 S Lewis St, New Iberia, Louisiana 70560

$684,310
$62 / sq ft 7.97% cap rate Listed Aug 31, 2026
11,000 sqft
Building

About this property

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.

Single-Tenant Gerber Collision & Glass Net-Lease Investment

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.

Investment Specifications & Financial Overview

  • 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

Essential Automotive Tenant & Corporate Backing

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.

Versatile 11,000 SF Storefront Infrastructure & Submarket Drivers

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.

Key Investment Highlights

  • 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

  • Occupied
  • Net Lease Investment
  • Brand/Tenant Gerber Collision & Glass
  • Lease Type NN
  • Lease Term 5
  • Lease Expiration 07/20/2028
  • Remaining Term 1.9
  • Rent Bumps Yes
  • Lease Options 3, 5 years
  • Broker Co-Op True

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Building Size
11,000 sqft
Occupied
Yes
Occupancy
100%
Property Status
Normal Sale
Building Status
Existing
Net Lease Investment
Yes

Pricing details

Net Operating Income
$54,553
Financing
Third Party Financing
Investment Property
Active investment property

Investment snapshot

7.97%
Cap rate
$54,553
Net operating income
$62
Price per sq ft

Actual - Cash Flow

Source: Yearly tax returns

Gross incomeNet operating income
$0$15K$30K$45K$60KGross income -Net operating income $54,5532026
YearGross incomeEffective grossExpensesNOIPre-tax cash flowCap rate
2026---$54,553--

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $684,310 7.97% - - -

Features and amenities

Property Features

  • Brand/Tenant: Gerber Collision & Glass
  • Lease Type: NN
  • Lease Term: 5
  • Lease Expiration: 07/20/2028
  • Remaining Term: 1.9
  • Rent Bumps: Yes
  • Lease Options: 3, 5 years
  • Broker: Co-Op True
  • Lease Commencement: 07/21/2023

Highlights

  • 11,000 SF commercial building offering a substantial footprint ideal for retail, showroom, medical, or multi-use commercial operations
  • Positioned in a prime location surrounded by established businesses, dense residential communities, and strong consumer activity
  • Benefiting from high foot traffic and consistent daily exposure, creating excellent opportunities for customer engagement and business growth
  • Spacious storefront with strong curb appeal and excellent frontage designed to maximize visibility and attract passing traffic
  • Versatile interior layout that can easily accommodate a variety of business concepts, tenant configurations, or operational needs
  • Ample on-site parking providing convenient access for customers, employees, and visitors throughout the day
  • Supported by a strong local community and surrounding commercial demand that contributes to long-term stability and investment value

Location

Address as shown by the lister.

Get directions

About this area - New Iberia

Population
41,687
Housing units
15,826
Land area
279.5 sq mi
County
Iberia

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Additional contacts

2 people to reach
  • Brian Brockman - bor@bangrealty.comIn-State Broker - License: IL #471020548 (513) 898-1551
  • Sal Yaldo - sal@apexre.comManaging Partner - LIC: MI 6501443637 (248) 579-5045

Frequently asked questions

What is the asking price of Gerber Collision & Glass?

Gerber Collision & Glass is listed at $684,310. That works out to about $62 per square foot. The stated cap rate is 7.97%.

Where is Gerber Collision & Glass located?

The property is in 1704 S Lewis St, New Iberia, Louisiana 70560, Iberia County.

What type of property is this?

This is a retail for sale in the commercial category.

How big is the property?

The building is 11,000 sqft.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

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.

When was this listing published?

It was published on August 31, 2026 and last updated on August 31, 2026.

Listing information

Listing ID
CL-Louisiana-28372
Published
Aug 31, 2026
Last updated
Aug 31, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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