Pep Boys

Interested in selling your Pep Boys NNN property or Pep Boys ground lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Pep Boys NNN property for sale or Pep Boys ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Pep Boys NNN property or the inclusion of a Pep Boys ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Pep Boys properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of January 2023, Pep Boys has over 1,000 stores nationwide, offering automotive services and aftermarket parts.

Revenue and income

In 2022, Pep Boys reported a total revenue of $3.5 billion. The company’s net income for the same year was $150 million.

Future plans

Pep Boys is focused on enhancing its presence in the automotive service industry. The company is planning to open new service centers and expand its product offerings to meet the evolving needs of customers.

Corporate vs. franchise

Pep Boys operates primarily through corporate-owned stores, and the company owns most of its locations. While there may be some partnerships or dealer-owned stores, the majority are corporate-owned.

Additional information Pep Boys Properties

Pep Boys was established in 1921 and has its corporate headquarters located in Philadelphia, Pennsylvania. The company is widely recognized in the automotive service and retail industry and is renowned for its comprehensive range of services, including vehicle maintenance, repair, and the sale of automotive parts.
Please note that Pep Boys’ information is provided based on general knowledge, and specific details may have changed since my last update in January 2022.

Pep Boys History

Pep Boys has a history dating back to its founding in 1921. The company’s origins are rooted in its establishment as a provider of automotive services and aftermarket parts, and it has since grown to become a significant player in the industry.

Why Invest in Ground Lease and NNN Lease of Pep Boys?

Investing in Pep Boys’ ground lease and triple net (NNN) lease properties offers compelling reasons:

1) Pep Boys NNN Property Investment: Stable income

With a well-established brand and a strong market presence, Pep Boys provides reliable income streams. Ground and NNN leases offer predictable cash flows over the long term.

2) Pep Boys NNN Property Investment: Established tenant

Pep Boys’ success and recognizable brand reduce the risk of vacancy or lease default, ensuring a stable tenant for the property.

3) Pep Boys NNN Property Investment: Low management responsibility

In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.

4) Pep Boys NNN Property Investment: Favorable lease terms

Long lease terms with built-in rent escalations provide predictable income and potential rental growth.

5) Pep Boys NNN Property Investment: Real estate value

Pep Boys’ strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.

Pros and Cons of Pep Boys Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Pep Boys’ success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.