Auto Service - Gas-Conv

Pep Boys - Abs. NNN - 4 Yrs

1580 W Main St, League City, TX 77573

Listing Price: $1,046,400

Cap Rate
7.25%
Tenant Name
The Pep Boys - Manny, Moe and Jack of CA
Years Remaining On Lease
3.8
Gross SF
1,933
Guarantor
Corporate Guarantee
Rentable SF
1,933
Price/Gross SF
$541.33
Lease Type
Absolute Net
Rent Per Square Feet
$39.25

Investment Overview

Pep Boys is located at 1580 S Main St in League City, TX. The subject is an approximate 1,933-square foot single-tenant building on approximately .94 acres of land. The building was constructed in 1986 and renovated for Just Brakes in 2014. Pep Boys recently agreed to abate only 2 months of rent due to the coronavirus, as opposed to the four months demanded for the majority of their stores.

The property is just north of the northwest corner of the intersection of Gulf Freeway and Main St. Approximately 25 miles from downtown Houston, the site sites between two of the more affluent retail corridor's in the MSA: Baybrook Mall, Nasa Value Center, and Bayway Village to the northwest and Bay Colony, Victory Lakes and League City Town Centers to the southeast. Tenants at the intersection and in the nearby centers include Mercedes, BMW, Jumping World, Dollar Tree, Crunch Fitness, Prestige Flooring, Texas Tool Traders, Top Golf, Apple, Walmart, Sams Club, Home Depot, Bed Bath and Beyond, Party City, Best Buy, Hobby Lobby, Michael's, Kohl's, and many others.

League City is nestled along Clear Lake, just 30 minutes away from the beaches of Galveston Island and the exciting attractions of downtown Houston. The area is known for its southern charm, Texas history, and coastal leisure all in one convenient location. Space Center Houston is just north of Clear Creek, which is League City's northern border where you can see rockets up close and tour Historic Mission Control. Downtown Houston isnt far either. In less than 30 minutes you can visit Minute Maid Park and see the Astros play, head to a world-class museum, or enjoy a performance in the Theater District.

Investment Highlights

  • Strong Traffic - 36,000+ CPD on Main St - 148,000+ CPD on Gulf Freeway
  • Close Proximity to Best in Class Retail - Mercedes, BMW, Top Golf, Apple Store, etc.
  • Absolute NNN Corporate Lease
  • Low Rent and Price Per Land Square Foot
  • Only Two Months of Rent Abatement - Pep System Average was Four
  • Strong Demographics - 9,700+ People w/ $86,500+ Median HHI in One-Mile

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Financing By

Auto Service - Gas-Conv

Pep Boys - Abs. NNN - 4 Yrs

Listing Price: $1,046,400

Cap Rate
7.25%
Tenant Name
The Pep Boys - Manny, Moe and Jack of CA
Years Remaining On Lease
3.8
Gross SF
1,933
Guarantor
Corporate Guarantee
Rentable SF
1,933
Price/Gross SF
$541.33
Lease Type
Absolute Net
Rent Per Square Feet
$39.25

Investment Highlights

  • Strong Traffic - 36,000+ CPD on Main St - 148,000+ CPD on Gulf Freeway
  • Close Proximity to Best in Class Retail - Mercedes, BMW, Top Golf, Apple Store, etc.
  • Absolute NNN Corporate Lease
  • Low Rent and Price Per Land Square Foot
  • Only Two Months of Rent Abatement - Pep System Average was Four
  • Strong Demographics - 9,700+ People w/ $86,500+ Median HHI in One-Mile

Investment Overview

Pep Boys is located at 1580 S Main St in League City, TX. The subject is an approximate 1,933-square foot single-tenant building on approximately .94 acres of land. The building was constructed in 1986 and renovated for Just Brakes in 2014. Pep Boys recently agreed to abate only 2 months of rent due to the coronavirus, as opposed to the four months demanded for the majority of their stores.

The property is just north of the northwest corner of the intersection of Gulf Freeway and Main St. Approximately 25 miles from downtown Houston, the site sites between two of the more affluent retail corridor's in the MSA: Baybrook Mall, Nasa Value Center, and Bayway Village to the northwest and Bay Colony, Victory Lakes and League City Town Centers to the southeast. Tenants at the intersection and in the nearby centers include Mercedes, BMW, Jumping World, Dollar Tree, Crunch Fitness, Prestige Flooring, Texas Tool Traders, Top Golf, Apple, Walmart, Sams Club, Home Depot, Bed Bath and Beyond, Party City, Best Buy, Hobby Lobby, Michael's, Kohl's, and many others.

League City is nestled along Clear Lake, just 30 minutes away from the beaches of Galveston Island and the exciting attractions of downtown Houston. The area is known for its southern charm, Texas history, and coastal leisure all in one convenient location. Space Center Houston is just north of Clear Creek, which is League City's northern border where you can see rockets up close and tour Historic Mission Control. Downtown Houston isnt far either. In less than 30 minutes you can visit Minute Maid Park and see the Astros play, head to a world-class museum, or enjoy a performance in the Theater District.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Financing By

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