Gerber Collision & Glass

1177 Fairport Road, Fairport, NY
Deal Type:
Net Lease
Price:
$2,452,080
Cap Rate:
7.45%
Current Rent:
$182,679.99
Lease Type:
DoubleNet
Landlord Responsibilities:
Refer to OM
Renewal Options:
Refer to OM
Building Sq. Ft.:
14,548 SF
Site Size:
1.80 Acres
  • gerber collision and glass stream capital partners
  • gerber collision and glass stream capital partners
  • gerber collision and glass stream capital partners
  • gerber collision and glass stream capital partners

Investment Highlights

  • Commitment: Corporate Guarantee from Gerber Collision & Glass (BYDGF)
  • Location: Large lot (1.80 acres) located less than 10 miles from downtown Rochester
  • Demographics: Average household incomes of $120,000 and 118,000+ residents within a 5-mile radius
  • Resilient Businesses: COVID-19 and Amazon-resistant tenants
  • Rental Increases: 1.50% Annual rental increases on anchor tenant (Gerber Collision)
  • Strong Trade Corridor: The Subject Property is down the street from major dealerships such as Chevy, Ford, and Toyota
  • Very Limited Automotive Zoning in Fairport: This is one of the only locations to operate a body shop or car dealership. The tenants have all expressed long term interest in the site

Listing Agents

John Woodcock Stream Capital Partners

John Woodcock

Vice President
503 853 6108
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Broker of Record: Mike Antonoplos, Lic. #34AN1074933

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