Pep Boys - Corporate Lease - Raleigh, NC
Retail | 6.76% CAP | 5,657 SqFt
Marketing description
Sage Capital Partners is pleased to present this Pep Boys investment property located in Raleigh, NC. Constructed in 2015 and remodeled in 2021, Pep Boys operates this location under a 10-year NN corporate lease with 5+ years remaining. The lease agreement features 8% rent increases every five years, and three 5-year renewal options. The rent increases from $144,000 to $155,520 in November 2026.
This Pep Boys is located in the heart of Raleigh, only 3.5 miles from downtown and just down the street from North Carolina State University. The property is surrounded by a thriving technology sector, many national retailers, and is conveniently accessed from Interstate 440.
This location benefits from high AADT of 29,500 on Western Boulevard and over 242,000 residents within 5 miles.
Investment highlights
- NN corporate Pep Boys lease
- 5+ lease years remaining
- 8% rent increases every 5 years
- Rent increases to $155,520 Nov. 2026
- 3.5 miles from downtown Raleigh
- 0.5 mile from North Carolina Stat University
- 242,000+ residents and $105,500+ average income within 5 miles
- Very diverse economy with strong tech sector
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