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Pep Boys | Chico, CA 1555 Mangrove Ave 18,196 SF 100% Leased Retail Building Chico, CA 95926 $3,920,682 CAD ($215.47 CAD/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
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.
One hundred years ago, Navy buddies with a passion for cars set out to make a living. In the process, they helped invent the automotive aftermarket - driven by the belief that the key to business is always doing right by your customer. Manny, Moe and Jack are a big part of the story, but there are thousands of others, who also went further for their customers and communities, to thank for Pep Boys’ success. Let’s take a road trip through the decades and check out the people and cultural changes that forged a brand lasting a century and counting. The year is 1921. The place: Philadelphia. Today a dramatic change is already in motion. More vehicles are on the road driving more miles than ever, the average age of the car keeps steadily increasing, electric & hybrid cars are here, self-driving cars are on the horizon, and technology has made cars more complicated to repair.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Manufacturing | - | - | - | ||
|
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 | $3,029,917 CAD |
| Land Assessment | $514,250 CAD | Total Assessment | $3,544,167 CAD |
Property Taxes
Presented by
Pep Boys | Chico, CA | 1555 Mangrove Ave
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