Gerber Collision & Glass – Downers Grove, IL

Gerber Collision & Glass
2360 Ogden Ave, Downers Grove, IL 60515, USA

Sands Investment Group is pleased to exclusively offer for sale the 38,700 SF Gerber Collision & Glass NN located at 2360 Ogden Avenue in Downers Grove, IL. This offering features an attractive $9.97 PSF Triple Net (NNN) Lease across the entire 38,700 SF facility, providing durable rent coverage and strong downside protection through its competitive rental rate, making it a compelling investment opportunity.

  • 27-Year Tenant Commitment: Gerber Collision & Glass has occupied the property since 1999 under a corporate Triple Net (NNN) Lease with Boyd Group (TSX: BYD), featuring a firm term through April 2034 and 2 additional 5-year renewal options.
  • Below-Market Rent Basis: $9.97 PSF Triple Net (NNN) Lease across 38,700 SF provides durable rental income and meaningful downside protection against re-tenanting risk.
  • Priced Well Below Replacement Cost: ~$149 PSF for sprinklered masonry flex/industrial with 9 overhead doors on 2.34 acres in DuPage County.
  • Recent Capital Investment: New TPO roof (2024) with transferable warranty, new lintels, gutters, and updated interiors, signaling long-term tenant commitment.
  • Prime Chicago MSA Corridor: High-visibility Ogden Ave (US-34) frontage with dual access via Warrenville Rd, B-3 zoning, and strong industrial-flex alternative use.

 

In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429

Gerber Collision & Glass
2360 Ogden Ave, Downers Grove, IL 60515, USA

Gerber Collision & Glass

Gerber Collision & Glass is one of North America’s largest automotive collision repair and auto glass service providers. Founded in 1937, the company operates more than 1,000 locations across the United States and Canada. Gerber is a subsidiary of Boyd Group Services Inc. (NYSE: BGSI), a publicly traded company and a leading operator of collision repair centers. The company provides comprehensive collision repair, paint refinishing, dent removal, auto glass replacement and repair, ADAS calibration, and insurance claims assistance.

Price

$5,750,000

Cap Rate

6.71%

PREMISES

38,700 SF

YEAR BUILT

1970

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

04/30/2034

Lease Type

NN

RENTAL INCREASES

5% in 2029,  CPI in Options

BROKERS

Clayton Coassin
Charlotte
Gary W. Berwick, CCIM
Charlotte
Andrew S. Ackerman
Atlanta

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