Tenant: Pep Boys and A & B Fast Glass | Memphis, TN
Premises: 9,295 SF
Renewal Options: Varies
Lease Expiration: Varies
Lease Type: Gross
Rental Increases: Varies
Sands Investment Group is Pleased to Present For Sale the Pep Boys and A & B Fast Glass Located in Memphis Tennessee. This Investment Will Allow Investors to Purchase a Pep Boys With a Recent Five Year Lease Extension in Addition to an A & B Fast Glass Which Currently Operates on a Month-to-Month Lease. This is a Great Opportunity For an Investor Looking For Value Add Real Estate in a Strong Retail Corridor.
In Cooperation With ParaSell, Inc., A Licensed Tennessee Broker, Broker Lic. #264531 BoR: Scott Reid – Lic. TN #347634
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Since 1921, Pep Boys has been one of the nation’s leading automotive aftermarket chains, providing premium tires; automotive maintenance and repair; premium-brand parts and expert advice for the do-it-yourselfer; commercial auto parts delivery; and fleet maintenance and repair to customers across the U.S. Pep Boys operates more than 9,000 service bays in approximately 1,000 locations in 37 states and Puerto Rico, and the Pep Boy Mobile Crew service trailer, which offers automotive maintenance on location. In February 2016, Icahn announced that it completed its acquisition of Pep Boys. Icahn Automotive today consists of Pep Boys automotive aftermarket retail and service chain, Auto Plus automotive aftermarket parts distributor, Precision Tune Auto Care owned and franchised automotive service centers, and AAMCO Total Auto Care franchised service centers. The businesses of Icahn Automotive total over 22,000 employees, over 2,000
company-owned and franchise locations, and 25 distribution centers throughout the US,
Canada, and Puerto Rico.
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