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12621 Ryewater Dr
Houston, TX 77089
Asking Price
$6.84M
Cap Rate
5.35%
Asset Type
Storefront Retail
Class
Class B
What's Special
Gerber Collision in Houston | Abs NNN Lease | Annual Increases <ul><li>15-year absolute NNN corporate lease to a national auto collision tenant.</li><li>2% annual rental increases deliver steady growth throughout the life of the term.</li><li>Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.</li><li>Gerber Collision & Glass has grown to one of the largest auto collision repair companies in North America (850+ locations) and is part of the Boyd Group, Inc. (Toronto Stock
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NOI
$80,000
Cap Rate
1.17%
DSCR
0.20
Underwater
Cash-on-Cash
-15.89%
Monthly Payment
$33,825.746
Annual Cash Flow
$-325,908.947
