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Pep Boys - Guayama PR

261 Madison Ave, New York, NY 10016

Listing Price: $5,525,756

Cap Rate
8.50%
Tenant Name
Pep Boys
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
19,658
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.89

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pep Boys located at Calle Marginal Edficio 730 in Guayama, Puerto Rico. The site consists of roughly 19,658 rentable square feet of building space on estimated 1.90-acre parcel of land. This Pep Boys is subject to a 15-year absolute triple-net (NNN) lease, which commenced on November 27th, 2007. The current annual rent is $462,748 and is scheduled to increase by 1.50% annually throughout the remaining lease years. There are a total of four (4), five (5)-year options. The tenant recently exercised its first option, which will commence on December 1st, 2022, and expire on November 30th, 2027.

Investment Highlights

  • Pep Boys Recently Exercised Its First Option Period, Demonstrating Long Term Commitment to This Site
  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Approximately 5.10 Years Remaining
  • 1.5% Rental Increases Occurring Annually
  • Four , Five -Year Tenant Renewal Options, Bringing the Potential Remaining Lease Term to Over 20 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Auto Parts

Pep Boys - Guayama PR

Listing Price: $5,525,756

Cap Rate
8.50%
Tenant Name
Pep Boys
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
19,658
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.89

Investment Highlights

  • Pep Boys Recently Exercised Its First Option Period, Demonstrating Long Term Commitment to This Site
  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Approximately 5.10 Years Remaining
  • 1.5% Rental Increases Occurring Annually
  • Four , Five -Year Tenant Renewal Options, Bringing the Potential Remaining Lease Term to Over 20 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pep Boys located at Calle Marginal Edficio 730 in Guayama, Puerto Rico. The site consists of roughly 19,658 rentable square feet of building space on estimated 1.90-acre parcel of land. This Pep Boys is subject to a 15-year absolute triple-net (NNN) lease, which commenced on November 27th, 2007. The current annual rent is $462,748 and is scheduled to increase by 1.50% annually throughout the remaining lease years. There are a total of four (4), five (5)-year options. The tenant recently exercised its first option, which will commence on December 1st, 2022, and expire on November 30th, 2027.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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