Pep Boys | 1314 W Main St
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Pep Boys 1314 W Main St
9,000 SF Retail Building Leesburg, FL 34748 $1,291,739 ($144/SF) 6.75% Cap Rate
Investment Highlights
- Successful Long-Term Operation in this Location
- Over 50,000 Cars Pass Through Next-Door Intersection
- Corporate Lease - Strong National Tenant with 8,000 Service Bays Across USA
- Two 5-Year Options Remaining with 5% Rental Increases Every Five Years
- Minimal Landlord Responsibilities - Roof & Structure
- Great Demographics!
Executive Summary
Charles Wayne Properties is pleased to present this seasoned and superbly located Pep Boys Auto on busy Main Street in downtown Leesburg, FL. Pep Boys Auto has been operating in this location since 2009 and recently exercised an option, demonstrating their commitment to the site. Five years remain on this corporate lease, with two more 5-year options available. This is a great opportunity to own investment property in swiftly growing Leesburg, FL. Leesburg is part of the Orlando - Kissimmee - Sanford MSA which has a population of over 2.75 million people. Minimal Landlord Responsibility - Roof & Structure Only.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
C
Year Built/Renovated
1960/2014
Price
$1,291,739
Price Per SF
$144
Cap Rate
6.75%
NOI
$87,192
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.43 AC
Zoning
C-3
Parking
22 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
123 FT on Main St
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Pep Boys Auto
- -
- -
- -
- Oct 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Pep Boys Auto | - | - | - | Oct 2029 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 26-19-24-3900-014-00500 | Improvements Assessment | $548,142 |
| Land Assessment | $170,085 | Total Assessment | $718,227 |
PROPERTY TAXES
Parcel Number
26-19-24-3900-014-00500
Land Assessment
$170,085
Improvements Assessment
$548,142
Total Assessment
$718,227
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Pep Boys | 1314 W Main St
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