Pep Boys - Clermont, FL

This lease originally commenced in 2009, and the Tenant recently extended the lease 10 years, where now the base term doesn’t expire until 2026. The lease calls for a 5% rent escalation in 2022 and also during the anniversary of each option period, of which there are four 5-year options. The asset is fee-simple (land and improvements), with minimal landlord responsibilities where landlord is only responsible for roof & structure, walls & foundation replacement not maintenance.

Additional Info

  • Address: : 1437 Sunrise Plaza Drive, Clermont, FL 34711
  • Price: : $2,340,000
  • Net Rentable Area: : 8,000
  • Lot Size (Acres): : 0.82
  • CAP Rate: : 6.75%
  • NOI: : $158,100
  • Year Built: : 2004
  • Status: : Available

What Clients Are Saying                                     
 

"Lior Regenstreif is a professional broker that achieves real results for his clients. We purchased a transaction from a seller who had not sold a property in many years and wanted the highest price with no hassles. We were the ultimate buyer and Lior got his seller the price he wanted and made the process as smooth as possible."
Brian Fagan, Selective Real Estate Investments

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
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Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557