sale brochure (l) · 2017. 10. 25. · 5264 dixie hwy. fairfield, oh 45014 lamb net lease...

LAMBNETLEASE.COM

Gerber Collision & Glass5264 Dixie Hwy, Fairfield, OH 45014

LAMB NET LEASE LAMBNETLEASE.COM 608.692.1910 P. 25264 DIXIE HWY. FAIRFIELD, OH 45014

PROPERTY OVERVIEWLamb Net Lease LLC is proud to offer FOR SALE, Gerber Collision & Glass, a Vehicle Related, Single TenantInvestment Property, located in Fairfield, OH. Current 10 year lease runs through December 31, 2024, and thenhas (3) Three, 5 year renewal options with escalations. Current Lease Rate is $288,000 / yr., $9 / SF. Total site is4.40 acres, with existing structures of 32,000+/- SF. Listing in co-operation with Murray Realty Associates, Inc.,Ohio Broker.

Gerber Collision & Glass is a Subsidiary Company of The Boyd Group Income Fund, traded on the Toronto StockExchange TSX Symbol: BYD.UN As of the end of Q2 2017, the Company had a Market Capitalization of $1.6B andoperated over 350 Gerber Collision & Glass locations in the United States.

The Boyd Group Income Fund is an unincorporated, open-ended mutual fund trust created for the purposes ofacquiring and holding certain investments, including a majority interest in The Boyd Group Inc. and itssubsidiaries. The Boyd Group Inc., directly and through subsidiaries, is one of the largest operators ofnon-franchised collision repair centers in North America in terms of number of locations and one of the largest interms of sales. The Company operates locations in five Canadian provinces under the trade name BoydAutobody & Glass, as well as in 20 U.S. states under the trade name Gerber Collision & Glass. The Companyuses newly acquired brand names during a transition period until acquired locations have been rebranded. TheCompany is also a major retail auto glass operator in the U.S. with locations across 31 U.S. states under the tradenames Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority andAutoglassonly.com. The Company also operates a third-party administrator, Gerber National Claims Services(“GNCS”) that offers glass, emergency roadside and first notice of loss services. GNCS has approximately 5,500affiliated glass provider locations and 4,600 affiliated emergency roadside services providers throughout theU.S.

PROPERTY HIGHLIGHTS

• Gerber Single Tenant Investment Property

• Over 350 Locations in the U.S.

• 8+% Capitalization Rate

• Net Lease Structure - NN

PROPERTY SUMMARY

Sale Price: $3,400,000

Cap Rate: 8.47%

NOI: $288,000

Lot Size: 4.4 Acres

Building Size: 32,000 SF

Year Built: 1973

Renovated: 1992

Zoning: Commercial

Cross Streets: Nilles Rd & Dixie Hwy

Executive Summary

R E T A I L P R O P E R T Y F O R S A L E <


Location Maps



Lease Abstract



Tenant Information


Retailer Map

R E T A I L P R O P E R T Y F O R S A L E < <



INVESTMENT OVERVIEW ESTIMATED LEVERAGED RETURN 75/25, 5.5% INT, 25 YR AMORT

Price $3,400,000Price per SF $106.25CAP Rate 8.47%Cash-on-Cash Return (yr 1) 11.78 %Total Return (yr 1) $148,969Debt Coverage Ratio 1.53

OPERATING DATA ESTIMATED LEVERAGED RETURN 75/25, 5.5% INT, 25 YR AMORT

Gross Scheduled Income -Other Income -Total Scheduled Income -Vacancy Cost -Gross Income -Operating Expenses -Net Operating Income $288,000Pre-Tax Cash Flow $100,089

FINANCING DATA ESTIMATED LEVERAGED RETURN 75/25, 5.5% INT, 25 YR AMORT

Down Payment $850,000Loan Amount $2,550,000Debt Service $187,911Debt Service Monthly $15,659Principal Reduction (yr 1) $48,880

Financial Summary



Additional Photos



* Demographic data derived from 2010 US Census

1 Mile 3 Miles 5 Miles

Total Population 6,849 63,274 165,215

Population Density 2,180 2,238 2,104

Median Age 36.0 36.8 36.0

Median Age (Male) 34.4 35.5 34.7

Median Age (Female) 37.8 38.4 37.4

Total Households 2,758 24,849 63,250

# of Persons Per HH 2.5 2.5 2.6

Average HH Income $59,641 $61,141 $60,829

Average House Value $163,283 $146,358 $151,724

Demographics Map


All materials and information received or derived from Lamb Net Lease its directors, officers, agents, advisors, affiliates and/or any

third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the

property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial

performance of the property, projected financial performance of the property for any party’s intended use or any and all other

matters.

Neither Lamb Net Lease its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or

implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and

information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active

conduct of its own due diligence to determine these and other matters of significance to such party. Lamb Net Lease will not

investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own

inspections and investigations including through appropriate third party independent professionals selected by such party. All

financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting

appropriate independent professionals. Lamb Net Lease makes no warranties and/or representations regarding the veracity,

completeness, or relevance of any financial data or assumptions. Lamb Net Lease does not serve as a financial advisor to any party

regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial

modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be

provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any

applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to

determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified

public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions

regarding the condition of the property and whether the property complies with applicable governmental requirements should be

discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All

properties and services are marketed by Lamb Net Lease in compliance with all applicable fair housing and equal opportunity laws.

CONFIDENTIALITY & DISCLAIMER


sale brochure (l) · 2017. 10. 25. · 5264 dixie hwy. fairfield, oh 45014 lamb net lease...

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