retail
Ref 695645

Pep Boys Guayama

Calle Marginal Edficio 730
00784 Guayama

Sale Price$ 5,507,000
Space available19,658 ft²

Description

For Sale Pep Boys in Guayama, Puerto Rico

Investment Highlights:


  • Recent lease renewal in 2022 demonstrates commitment and preference for this location based on continued success.
  • Zero landlord responsibilities due to the absolute NNN lease. Tenant is responsible for all maintenance and operation at the property.
  • Favorable annual rent increases based on CPI to track with inflation. Expected rent increases are 1.5% per year that continue into the renewal option periods. 
  • Tenant sales at this store have grown 13% from 2020 to 2022, resulting in a healthy rent-to-sales ratio that contributes to Tenant’s long-term success. Investors may inquire for additional details.
  • Pep Boys is a corporate tenant that provides essential service and retail goods for vehicle maintenance to a customer base reliant on maintaining their existing vehicles.
  • Pep Boys in Guayama serves an expanded, captive audience as the nearest Pep Boys locations are more than 10 miles in all directions and more than 23 miles to the east.
  • The SuperCenter service and retail store format is prevalent in Puerto Rico to provide comprehensive vehicle care and outperform traditional parts stores.

Location and Transportation