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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
-
- Manufacturing
- -
- -
- -
Harley-Davidson began in Milwaukee in 1903, when William Harley and Arthur Davidson sold an early motorcycle from the Davidson family backyard. The company has grown into an American motorcycle manufacturer and lifestyle brand with products that include motorcycles, genuine parts, apparel, and accessories. Harley-Davidson also offers motorcycle financing and insurance services, while its electric efforts include LiveWire and electric balance bikes. The business supports riders through dealer sales, test rides, membership programs, and Harley Owners Group activities.
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- Retailer
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- -
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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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