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3030 W Lincoln Ave
Anaheim, CA 92801
PepBoys Auto · Retail Property For Sale
Investment Highlights
- Credit-Worthy Tenant – Pep Boys has been in business for over 100 years and has ±930 locations.
- Long Term Lease – There are over 14 years remaining of initial term, which will help investors that will need to secure financing.
- Ideal Passive Investment – The lease is triple-net, with the tenant responsible for taxes, utilities, insurance, and maintenance.
- AutoZone Sub-lease – Approximately 57% of the GLA is sub-leased to AutoZone (NYSE: AZO | S&P: BBB), an investment grade tenant.
- Strong Historical Occupancy – Pep Boys has occupied the subject property for over 40 years. The building was completed as a build-to-suit in 1982.
- Strong Rental Growth – The lease requires 1.5% annual rent increases throughout the initial term and option periods.
Property Facts
Property Type
Retail
Property Subtype
Building Size
17,549 SF
Building Class
B
Year Built/Renovated
1983/2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
1.23 AC
Zoning
C - Commercial (NEC)
Parking
89 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
218’ on W Lincoln Ave
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 135-261-19 | Improvements Assessment | $1,148,520 |
| Land Assessment | $5,356,020 | Total Assessment | $6,504,540 |
Property Taxes
Parcel Number
135-261-19
Land Assessment
$5,356,020
Improvements Assessment
$1,148,520
Total Assessment
$6,504,540
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