Available

Available

Pep Boys

Raleigh, NC 27603

Price

$1,939,000

Cap Rate: 6.25%

Lead Broker

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NNN Automotive Service Asset with Mavis Tire Guaranty

Blue West Capital is pleased to offer for sale the Pep Boys located at 8100 Fayetteville Road in Raleigh, North Carolina. The single-tenant property features a recently extended NNN lease through January 2032, a corporate guaranty from Mavis Tire Supply Corp., 8% rent increases every five years and three additional 5-year renewal options.

The property is positioned along Fayetteville Road within an established south Raleigh retail corridor, approximately half a mile from Costco Wholesale.

Investment Highlights

  • Recently exercised 5-year option extends the lease through January 2032
  • Mavis Tire Supply Corp. corporate guaranty
  • 8% rent increases every five years with three additional 5-year renewal options
  • Established automotive service location with Pep Boys operating at the property since 2015

BROKER OF RECORD

Brian Brockman | Bang Realty-North Carolina Inc

License #: 298998

Location Highlights

  • Frontage along Fayetteville Road with 36,050 VPD
  • Approximately 0.5 miles from Costco Wholesale and 0.2 miles from King’s Grant Commons Shopping Mall
  • Average household income of nearly $150,000 within three and five miles
  • Located within the Raleigh-Cary MSA, home to nearly 1.6 million residents

We are ready to assist you.

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