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| Price $4,400,000 | Built/Renov 1985 | Tenant Pep Boys |
| Cap Rate 3.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
9,485
| Lease Start
08-01-2023
| #Units
872
|
| Price/SF $463.89 | Expiration
07-31-2033
| Tenant Type Automotive |
| NOI $131,950 | R. Term 7.11 | Ownership Fee Simple |
| Rent/SF
$13.91
| Increases 1.5%/2/yrs | Pop 5Mi 426,402 |
| Lot/AC 2.13 | Options 2/5yrs/1.5% | AHHI 5Mi $67,608 |
| | |
Pep Boys is strategically located at the signalized, hard-corner intersection of E Tropicana Avenue and Sandhill Road, with combined traffic counts exceeding 56,000 vehicles per day along Tropicana and 161,000 vehicles per day on nearby US-95. The property benefits from strong retail synergy, with neighboring national tenants including Walmart, CVS, Walgreens, AutoZone, and Planet Fitness....
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Major thoroughfare
Dense 100M+ pop 5 mi
Major MSA
Brand new lease
Favorable NN+ lease
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,...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
