pepboys auto nnn - loopnet · of east falls, pep boys operates over 800 stores and approximately...
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CONTACT: Sam Nasrallah Charles Wayne Properties, inc 200 Ocean Ave. Ste 202 Melbourne Beach, FL 32951 Ph. 321-427-5437 [email protected]
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PEPBOYS AUTO NNN FOR SALE $995,000 7.95% Cap 1314 W. MAIN ST. LEESBURG, FLORIDA 34748
VALUE DEAL ! LOW RENT PSF !
PROPERTY HIGHLIGHTS Net Leased Pep Boys; 10yr Lease, 3.5 Years remaining; 5% Rent Bump In each Option Period; Absolute Net!!! High Traffic Location, Excellent Visibility & Access; 40,000 Cars Per Day; In the heart of Leesburg! Low Rent Per Square Foot; 9,200 sf auto building! Orlando MSA- 3rd Largest In Florida; ~2.2 Million People
SALE OFFERING
PRICE: $995,000
CAP RATE: 7.95%
ANNUAL RENT: $79,086 2016 NOI
LEASE SUMMARY
Tenant: PEP BOYS AUTO Corporate Store
Lease Type: Absolute NNN
Lease Term: 10 yrs term, exp 11/2019
Lease Rates: $8.60 per sf
CAM: Tenant pays 100%
Escalations: 5% every 5 year option
Options: Four 5 year options
SITE SUMMARY
ADDRESS: 1314 W. Main St. Leesburg, FL 34748
LAND: .53 Acre
BUILDING: 9200 sf auto repair
AGE: 2004 remodeled
Occupancy 100%
AREA INFORMATION
Pep Boys is located just east of the intersection of W Main St. and N 14th St.(Hwy 27) in the heart of downtown Leesburg, Fl. The intersection that boasts traffic counts of over 40,000 cars per day and is highly visible. The site has fantastic visibility & access as well as a major large very high pole sign making it hard to miss for any passerby's. Leesburg is a city in Lake County, Florida. The population is approximately 20,000 people and swells up with snowbirds and tourists at various times of the year. Leesburg is located in central Florida, NW of downtown Orlando, between Lake Harris and Lake Griffin major recreational lakes. It is part of the Orlando–Kissimmee–Sanford MSA, which has a total population of 2.2 million people. Leesburg is very accessable via Hwy 44, 441 and 27 providing immediate access to Interstate 75 and the Florida Turnpike! Leesburg is the home of Lake-Sumter State College with campuses also in Clermont, Florida and Sumterville, Florida. It is also the home of Beacon College.
Traffic Counts: 40,000 CPD Intersection of W. Main St. and Hwy 27
DEMOS: 1 - Miles 3 - Miles
Population 2010 Data
3,169 19,741
HH Avg Income 2010
$40,100 $49,257
The Pep Boys: Manny, Moe & Jack, (branded and commonly abbreviated as Pep Boys) is a full-service and tire automotive aftermarket chain.
Originally named Pep Auto Supplies, the first store was founded in Philadelphia, Pennsylvania in 1921 by Emanuel (Manny Rosenfeld, Maurice L. (Moe) Strauss, W. Graham (Jack) Jackson, and Moe Radavitz.
Currently headquartered in the Philadelphia neighborhood of East Falls, Pep Boys operates over 800 stores and approximately 7,500 service bays in 35 states and Puerto Rico. Along with its full-service vehicle maintenance and repair capabilities, the company also serves the commercial auto parts delivery market. It is one of the leading sellers of replacement tires in the United States and in 2005, it was named one of the 500 fastest-growing companies in the U.S.
Pep Boys has a market cap of $1 billion, an enterprise value of $1.12 billion, a P/B ratio of 1.83 and a quick ratio of 0.27
News - Guru Carl Icahn is an American business magnate, investor, activist shareholder and philanthropist. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City. Icahn is currently ranked as the 43rd richest person in the world according to Forbes.com with an estimated net worth of $17.7 billion.
In the first quarter of 2016, Icahn added 39,347,282 shares of Pep Boys - Manny Moe & Jack (NYSE:PBY).
PROPERTY PHOTOGRAPHS
Pep Boys 1314 W. Main St. Leesburg, Fl 34748
AERIAL – PEP BOYS
AERIAL PEP BOYS
MAPS– PEP BOYS AUTO
For more information regarding this opportunity, please contact:
SAM NASRALLAH
Charles Wayne Properties, Inc. 200 Ocean Ave., Ste 202
Melbourne Beach, FL 32951
PH. 321-427-5437
This sales brochure is subject to errors, omissions, prior sales or withdrawal without notice. The information contained in this Investment Prospectus has been obtained from sources we believe to be reliable; however neither CWP, Inc. nor the Seller have verified, and will not verify, any of the information contained herein, nor has CWP, Inc. or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. DISCLAIMER