Pep Boys and A & B Fast Glass | Memphis, TN
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.
- Pep Boys Has 5 Years Remaining After Recently Exercising Their First Option Period, Demonstrating Long Term Commitment to This Site
- A & B Fast Glass Operates on a Month-to-Month Lease Paying Below Market Rent; This Presents a Value-Add Opportunity to an Investor Looking to Increase Cash Flow
- Pep Boys Has an Additional Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Remaining Lease Term to Over 15 Years
- Strong Demographics With a Population of Over 139,955 People Making an Average Income of $40,776 Within a 5-Mile Radius
- Dense Retail Corridor South of Downtown Memphis With High Visibility and Immediate Access to Elvis Presley Boulevard Which Sees Over 32,754 VPD
- Dense Retail Sector Including: CVS Pharmacy, Dollar Tree, ALDI, Walgreens, AutoZone, Family Dollar and Much More
In Cooperation With ParaSell, Inc., A Licensed Tennessee Broker, Broker Lic. #264531 BoR: Scott Reid – Lic. TN #347634
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