Property History
Property Type
Property Type
Marketing Description
CBRE Southfield is pleased to offer for sale a free-standing Pep Boys Auto Parts & Services (supercenter) in Indio, CA. This 19,338 square foot property is situated on an automotive corridor along California State Route 111.
Pep Boys is on an original 15-year absolute NNN lease that commenced July of 2008. Pep Boys has just under four (4) years remaining in the base term of their lease. Rental rate shall increase by 1.5% annually for the remainder of the base term. There are four 5-year options. Tenant must provide notice of renewal at least one (1) year prior to term expiration. The rent shall continue to increase annually by 1.5% throughout the first option period.
In the second, third, and fourth option periods, the rent shall equal the Fair Market Rental Value of the Leased Premises during the applicable option period.In addition to a retail section, this Pep Boys (supercenter) contains 11 service bays. This fosters diversity in its customer base, creating stability and resiliency.
Landlord has zero responsibilities associated with the property.
Pep Boys is on an original 15-year absolute NNN lease that commenced July of 2008. Pep Boys has just under four (4) years remaining in the base term of their lease. Rental rate shall increase by 1.5% annually for the remainder of the base term. There are four 5-year options. Tenant must provide notice of renewal at least one (1) year prior to term expiration. The rent shall continue to increase annually by 1.5% throughout the first option period.
In the second, third, and fourth option periods, the rent shall equal the Fair Market Rental Value of the Leased Premises during the applicable option period.In addition to a retail section, this Pep Boys (supercenter) contains 11 service bays. This fosters diversity in its customer base, creating stability and resiliency.
Landlord has zero responsibilities associated with the property.
Investment Highlights
- Low rent ($15.43 PSF) compared to national Pep Boys average ($16.34 PSF)
- Low rent ($15.43 PSF) compared to market within 3-mile radius ($17.65 PSF)
- Absolute NNN lease (zero Landlord responsibilities whatsoever)
- Stable and resilient customer base with 11 service bays in addition to retail section
- Major automotive and retail corridor:-
Auto tenants neighboring along same road: America’s Tire, Jiffy Lube
Midas, Desert Tires, O’Reilly Auto Parts, and Circle K
Other tenants neighboring along same road: Costco, Wal-Mart
Supercenter, Target, Home Depot, McDonald’s, Starbucks, Burger King, Walgreens - 1.5% annual rent escalations
- Four 5-year options, each with rental escalations
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
MUC-HWY111-SP SpecialMixed Use Corridor Highway 111 Specific Plan
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
There are no additional details for this property
Contacts
Listing removed on
BY:
Ian Schroeder PRO
•••.•••.0970
•••.•••••eder@••••.com
Listing removed on
BY:
Melissa Ley Marshall PRO
•••.•••.4542
•••••••.••••hall@••••.com
Listing removed on
BY:
Addison Williams PRO
•••.•••.3611
•••••iams@••••••s.us
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