Pep Boys | NNN 1881 Ridge Rd Local commercial 644 m² À vendre West Seneca, NY 14224 1 248 613 € (1 939,95 €/m²) Taux de capitalisation 6,50 %

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Pep Boys investment property located in West Seneca, New York. The tenant, Pep Boys – Manny, Moe & Jack LLC, recently executed a 5-year lease extension, extending the term through August 2031, demonstrating their continued commitment to the site. Additionally, Mavis Tire Express Services recently announced an agreement to acquire Pep Boys in a $700 million cash transaction, subject to customary closing conditions, further highlighting the strategic value of the Pep Boys operating platform. The lease features two (5-year) renewal options with 15% rental increases at the commencement of each option period, providing steady NOI growth and a hedge against inflation. The lease is structured as NNN, Tenant reimburses taxes, insurance, and common area expenses (including maintenance, repairs, snow removal, landscaping, and related operating costs), while landlord is responsible for roof and structural components.