1580 S Clack St

Graystone Capital Advisors is pleased to present the opportunity to acquire the fee-simple interest in a single-tenant Gerber Collision & Glass property located in Abilene, TX. This investment offers a stable and secure income stream backed by a corporate guarantee from Gerber Collision, one of the leading auto collision and glass repair companies in North America.
The property is under a long-term Triple Net (NNN) lease, which commenced on December 14, 2018, with a remaining term of approximately 4.75 years. The lease includes 8% rental increases every five years, providing an attractive hedge against inflation. Additionally, the lease offers three five-year renewal options, ensuring long-term income potential.
The property has undergone significant renovation and expansions. An additional 22,005 SQFT of structure was added in phases between 2014 and 2019 with new asphalt and concrete parking installed. Buildings have brand new TPO roof installed in Feb 2024.
Located on South Clack Street, a major commercial corridor in Abilene, the property benefits from excellent visibility and high traffic counts. Abilene serves as a regional hub for West Texas, drawing customers from surrounding smaller communities, thus expanding the potential customer base. Abilene’s diverse economy, bolstered by key sectors such as healthcare, education, and the military, ensures a stable economic environment.
This offering represents an excellent opportunity for investors seeking a secure, long-term investment with minimal management responsibilities in a growing market.