Listed by DAUM Commercial Real Estate Services Los Angeles
$2,000,000
11432 Paramount Blvd
Details
APN 6255-006-025
Property Type Retail
Sub Type Auto Shop, Freestanding Automotive
Square Footage 4,180
Cap Rate 5.60%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 12
Remaining Term 5
Lease Options 2-Five-Year Options
Price per SqFt $478
Year Built 2001
Buildings 1
Stories 1
Acreage 0.330
Zoning M2, Downey
Parking Spaces 14 spaces
Parking Per SqFt 3.35
Ownership Fee-Simple
A 4,180SF, single story, NNN leased Pep Boys for sale on 14,350SF lot.
Marketing description
12-year Operating History at this location - Corporate Lease - Options to Extend - Readily Visible Location:
Pep Boys has operated at this location for 12-years and began its first of two, 5-year Renewal Options on September 1, 2025 Both Renewal Options features fixed annual 3% rent increases Pep Boys has 850 locations and over 8,500 service bays, plus a large network of franchisee locations across 49 states
Absolute NNN Lease - Fee Simple Ownership -
Zero Landlord Responsibilities:
Tenant pays for all CAMs, Real Estate Taxes, Insurance, Structural Repairs and Manitenance Zero Landlord Responsibilities Management Free Investment
Tenant pays for all CAMs, Real Estate Taxes, Insurance, Structural Repairs and Manitenance Zero Landlord Responsibilities Management Free Investment
Strong Demographics Within 5-mile Trade Area:
More than263,800 residents, 85,000 employees and over 9,800 businesses within the 3-mile trade area $93,500 average household income
More than263,800 residents, 85,000 employees and over 9,800 businesses within the 3-mile trade area $93,500 average household income
1-Block from Major Signalized Intersection - Built-to-Suit Property -
1/3AC Parcel - Surrounding Retailers - Main Commercial Retail Corridor:
Just off the major signalized intersection of Paramount Blvd. (30,735 CPD) and Firestone Blvd. (43,135 CPD) Paramount Blvd. is one of Downey’s major east-west thoroughfares and is known for its commerical retail businesses and significant arteiral role in connecting major intersections throughout the City Surrouding retailers include Stater Bros., CVS, Grocery Outlet, Shake Shack, Porto’s Bakery, and numerous automotive service businesses
Investment highlights
- ±4,180 SF Single-Story Freestanding, Purpose-Built Automotive Building
- Pep Boys Corporate NNN Lease (Ichan Automotive Group)
- Original 12-Year Term with 2-Five-Year Options
- Pep Boys Just Exercised its 1st Five-Year Option: September 1, 2025 to August 31, 2030
- Built-in Rent Growth with Annual 3% Rent Increases
- Visibility: 30,735+ CPD on Paramount Blvd
- Demographics: Over 263,800 Residents with an Avg. Annual Household Income of Over $93,500 within 3 Miles
- Fee-Simple – Absolute NNN Lease
- E-Commerce Resistant Business
- Pep Boys has over 850 Locations and 8,000 Service Bays, with a Larger Network of Franchised Locations across 49 States
- Zero Landlord Responsibilities
- ±4,180 SF Available
- ±14,357 SF / ±0.33 AC Lot
- Three (3) Service Bays with Three (3) Hydraulic Lifts
- Built in 2001
- 14 Surface Parking Spaces
- M2, Downey Zoning
Listing Contacts
Listed by DAUM Commercial Real Estate Services Los Angeles
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