Net Lease Pep Boys Property Profile and Cap Rates Date September 13, 2020
Net Lease Pep Boys – Typical Property and Lease Terms
| Price Range: | $2M - $5M |
| Cap Rate: | 6.25% - 6.75% |
| Net Income: | $125,000 - $325,000 |
| Price Per foot: | $150 PSF - $300 PSF |
| Building Size: | 13,500 SF - 22,500 SF |
| Lot Size: | 1.50 Acres |
| Escalations: | 7.5% Every 5-Years |
| Lease Term: | 15 Years |
| Lease Type: | NN |
| Credit Rating: | BB+ (S&P) |
Tenant Company Information:
The Pep Boys: Manny, Moe & Jack (branded and commonly abbreviated as Pep Boys) is an American automotive aftermarket retail and service chain. They are referred to as the “founders of the automotive after market”.[1]
Originally named Pep Auto Supply Company, the company was founded in Philadelphia, Pennsylvania, in 1921 by Emanuel (Manny) Rosenfeld, Maurice L. (Moe) Strauss, W. Graham (Jack) Jackson, and Moe Radavitz.
Headquartered in the Philadelphia neighborhood of Allegheny West, Pep Boys provides name-brand tires, automotive maintenance and repair, parts and expert advice for the do-it-yourselfer, commercial auto parts delivery, and fleet maintenance and repair to customers across the U.S. with Just Brakes, its wholly owned subsidiary. Pep Boys operates more than 8,300 service bays in over 930 locations in 35 states and Puerto Rico
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