3030 W Lincoln Ave - Auto Repair FOR SALE
Anaheim, CA 92801 |
3030 W Lincoln Ave
Anaheim, CA 92801
HIGHLIGHTS
- Credit-Worthy Tenant – Pep Boys has been in business for over 100 years and has ±930 locations.
- AutoZone Sub-lease – Approximately 57% of the GLA is sub-leased to AutoZone (NYSE: AZO | S&P: BBB), an investment grade tenant.
- Long Term Lease – There are over 14 years remaining of initial term, which will help investors that will need to secure financing.
- Strong Historical Occupancy – Pep Boys has occupied the subject property for over 40 years. The building was completed as a build-to-suit in 1982.
- Ideal Passive Investment – The lease is triple-net, with the tenant responsible for taxes, utilities, insurance, and maintenance.
- Strong Rental Growth – The lease requires 1.5% annual rent increases throughout the initial term and option periods.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
PepBoys Auto
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
17549
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
89
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
135-261-19
