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

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"It was a pleasure working with you as we appreciated your persistence, professionalism, guidance and your patience in assisting us with our first Real Estate Acquisition. We are looking forward to closing many more transactions with you in the future.'
Mike Nofarad, Private Investor

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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