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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