$2,393,600
CORPORATE PEP BOYS 2% ANNUAL RENT BUMPS
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 4,080
Cap Rate 6.00%
NOI $143,620
Tenancy Single
Brand/Tenant Pep Boys
Lease Type Absolute NNN
Lease Expiration 12/31/2032
Rent Bumps Yes
Lease Options 4/5 Year Options
Year Built 2008
Acreage 0.600
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/14/2020
Ground Lease No
PEP BOYS KELLER TEXAS (DFW) 2% ANNUAL RENT INCREASES
Investment highlights
- Absolute NNN Lease — Zero Landlord Responsibilities, Attractive 2.0% Annual Increases (next rent bump October 14 2026)
- Fronts North Beach Street, just North of Tarrant Parkway, Combined 54,000 Cars/Day at the Intersection.
- Keller, an affluent suburb of Fort Worth, Texas, has a median household income of $160,000. Many Keller residents work in the broader Dallas–Fort Worth metroplex, contributing to Keller's local economy while connecting to larger job markets in Fort Worth, Dallas, and surrounding suburbs
- Pep Boys is a nationally recognized automotive service and tire retailer with 800+ locations across the U.S. In 2016, Pep Boys was acquired by Icahn Enterprises' automotive group, bringing it into private ownership with investment aimed at modernization and growth. Pep Boys generates roughly $2 billion in annual revenue.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,620.00
$11,968.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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