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Pep Boys | Chico, CA 1555 Mangrove Ave 18,196 SF 100% Leased Retail Building Chico, CA 95926 $2,872,000 ($157.84/SF) 6% Cap Rate
Investment Highlights
- Single-Tenant Pep Boys Ground Lease (12 Bays): 6 Years Remaining on the Current Term
- Corporate Ground Lease; Zero Landlord Responsibilities
- 10% Increases Every 5 Years
- Tenant Since 1996; History of Long-Term Success
- 2022 Exercise of Two 5-Year Options
- Pep Boys Has Strong Industry Recognition With 850 Locations and $2.4 Billion in Annual Sales
Executive Summary
Property Facts
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Manufacturing
- -
- -
- -
In 1903, out of a small shed in Milwaukee, Wisconsin, four young men lit a cultural wildfire that would grow and spread across geographies and generations. Their innovation and imagination for what was possible on two wheels sparked a transportation revolution and lifestyle that would make Harley-Davidson the most desirable motorcycle and lifestyle brand in the world. Today, they continue to define motorcycle culture and lifestyle, evoking soul-stirring emotion reflected in every product and experience they deliver - like they have for well over a century and will for generations to come.
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- Retailer
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Pep Boys began in 1921 when four Navy veterans opened an auto parts store in Philadelphia. Originally called Pep Auto Supply, the founders later renamed it after themselves. The company grew from a single location into a national chain offering tires, maintenance services, and repairs. Over the decades, Pep Boys expanded its service offerings while maintaining its core focus on automotive needs. Today, the company operates numerous service centers across multiple states providing comprehensive vehicle solutions to customers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - | ||
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Retailer | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 10,010 SF
- Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 10,010 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 10,010 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
Nearby Major Retailers
Property Taxes
| Parcel Number | 003-413-030-000 | Improvements Assessment | $2,219,492 |
| Land Assessment | $376,701 | Total Assessment | $2,596,193 |
Property Taxes
Presented by
Pep Boys | Chico, CA | 1555 Mangrove Ave
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