| Price $5,565,352 | Built/Renov 1998 | Tenant Pep Boys (GL) |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
18,744
| Lease Start
08-01-1998
| #Units
1,691
|
| Price/SF $296.91 | Expiration
07-31-2028
| Tenant Type Automotive |
| NOI $292,181 | R. Term 4.1 | Ownership Ground Lease |
| Rent/SF
$15.59
| Increases 12.0%/4/yrs | Pop 5Mi 427,815 |
| Lot/AC 1.84 | Options 2/5yrs/12% | AHHI 5Mi $95,950 |
| | |
Pep Boys is strategically located at the signalized, hard corner intersection of W. Lake Mead Blvd. and Tenaya Way, with a combined substantial daily traffic count of 254,674 vehicles. Additionally, it is conveniently situated just off the US-95 Freeway (170,000 VPD). The property is positioned near key community establishments such as MountainView Hospital, Summerlin Hospital, Suncoast Hotel...
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Shopping Ctr out-parcel
Top 100 MSA
Income tax free state
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
Pep Boys is an American automotive aftermarket service chain. Originally named Pep Auto Supply, the company was founded in Philadelphia, P A in 1921. The chain provides name-brand tires,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 25,900 | 202,050 | 433,088 |
| 2023 Total Population : | 25,161 | 198,814 | 425,981 |
| 2023 Employed Civilian Pop : | 13,629 | 94,574 | 199,531 |
| 2023 Total Businesses : | 1,093 | 6,004 | 14,392 |
| 2023 Average Household Income : | $ 71,638 | $ 80,276 | $ 92,604 |
| 2023 Total Consumer Spending : | $ 664 M | $ 5359 M | $ 13302 M |
| 2023 Median Age : | 35 | 38 | 40 |
| 2023 Total Households : | 10,604 | 76,769 | 165,873 |
| 2023 Pop Age 25+: Bachelor's Degree : | 3,025 | 23,433 | 55,843 |
| 2023 Average Home Value : | $ 344,007 | $ 405,068 | $ 452,650 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Lake Mead Blvd | N Tenaya Way | 2012 | 35,588 | 0.07 mi |
| North Tenaya Way | W Lake Mead Blvd | 2018 | 54,425 | 0.14 mi |
| N Tenaya Way | W Lake Mead Blvd | 2012 | 20,513 | 0.15 mi |
| West Lake Mead Boulevard | N Tenaya Way | 2018 | 40,841 | 0.15 mi |
| N Tenaya Way | W Lake Mead Blvd | 2012 | 20,513 | 0.21 mi |
| W Lake Mead Blvd | N Buffalo Dr | 2017 | 31,025 | 0.28 mi |
| W Lake Mead Blvd | N Rock Springs Dr | 2018 | 40,841 | 0.28 mi |
| Eugene Ave | N Tenaya Way | 2006 | 1,169 | 0.31 mi |
| Summer Sun Dr | Cedar Bluffs Way | 2006 | 367 | 0.32 mi |
| N Buffalo Dr | W Almeria St | 2005 | 42,050 | 0.36 mi |
Bradenton, FL
Cap Rate 4.90%
Lease Abs NNN
R. Term 18.10 yrs
Size/SF 8,820
Arlington, TX
Cap Rate 5.80%
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Size/SF 6,646
Northglenn, CO
Cap Rate 6.25%
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Size/SF 6,572
White Plains, MD
Cap Rate 6.25%
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Glendale, AZ
Cap Rate 6.25%
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Size/SF 5,897
Goodyear, AZ
Cap Rate 6.15%
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Fort Pierce, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 19.80 yrs
Size/SF 3,770
Palm Bay, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 19.80 yrs
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Tucson, AZ
Cap Rate 6.25%
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R. Term 19.10 yrs
Size/SF 4,573
Gainesville, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 18.11 yrs
Size/SF 3,648
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
