11478 E Sahuaro Dr
Scottsdale, AZ 85259
Pep Boys Auto · Commerce de détail Propriété À vendre

MARKETING DESCRIPTION
For Sale - Pep Boys - Scottsdale, AZ
Phillips Morris Net Lease is pleased to bring to market the Pep Boys property at 11478 E Sahuaro Drive in Scottsdale, AZ. Please refer to the investment highlights below or learn more about our team at PMNetLease.com
INVESTMENT HIGHLIGHTS
Corporate Guaranteed Lease:
The lease is guaranteed by Icahn Automotive, an experienced owner and operator of multiple national automotive related companies including AAMCO Total Car Care, Precision Tune Auto Care, and Auto Plus.
Long Operating History:
Pep Boys has operated at this location for almost 30 years, demonstrating the brands long-term success in the Central Scottsdale submarket.
Passive Lease Structure:
The NN+ lease structure offers minimal landlord responsibility, ideal for an owner looking for passive ownership and a national credit tenant.
Strong Store-Level Performance:
According to Placer.ai visitor data, this location ranks in the 66th percentile of all Pep Boys locations within the state of Arizona. Among the 15 Pep Boy stores within a 50-mile radius, this location performs in the 80th percentile.
Sustainable Rents:
The tenant is paying rent in-line with market average rent per square foot in the Scottsdale market, ensuring that rent is replaceable and tenant operation at the location is sustainable.
Proximity to Major Retailers:
The subject property is located only a quarter mile from the Ancala Village Shopping Center, home to many notable tenants including EoS Fitness, Dollar Tree, Taco Bell, and a number of local staples as well. Other nearby national brands include Albertson's, McDonald's, and Walgreens.
Desirable Market Fundamentals:
The property benefits from its position in dense Central Scottsdale, surrounded by almost 20,000 households within a 3-mile radius and an average household income of over $195,000.