Pep Boys Auto - Lakeville, MN

Retail / Posted 3 months ago by Keith Sturm, Upland Real Estate Group, Inc. / 61 views

  • Price : $1,866,240
  • Cap Rate : 6.25%
  • Net Operating Income : $116,640
  • Tenant : The Pep Boys - Manny Moe & Jack of California
  • Lease Type : NN
  • Lease Term Remaining (Years) : 10
  • Building Size (SF) : 6,480
  • Land Area (Acres) : 0.86
  • Year Built : 2003 / 2018

This Pep Boys Auto is located at the southeast corner of Cedar Avenue and Dodd Boulevard, in Lakeville, Minnesota. Traffic counts average 20,300 vehicles daily on Cedar Avenue and 13,700 on Dodd Boulevard. Pep Boys is adjacent to Firefly Credit Union, and Barley and Vine Kitchen and Bar. It is in the Crossroads of Lakeville which include other retailers Cub Foods, Chuck & Don’s Pet Food Supplies, Caribou Coffee, CherryBerry, Metro Dentalcare, Little Caesars Pizza, Snap Fitness, McDonald’s, and more. Other area properties include CVS Pharmacy, Fresenius, Kwik Trip, and New Horizon Academy. Pep Boys is a half mile from a new master planned housing community on 472 Acres.

  • Pep Boys Auto sells brand name and private label auto parts, and provides select services through approximately 1,000 locations in 35 states and Puerto Rico. The tenant on the lease, The Pep Boys – Manny Moe & Jack of California, operate 236 stores.
  • 10 year NN lease, with increases in year 6, and each renewal option.
  • Excellent demographics with 1-mile average household income over $119,000 and 5-mile population of 154,832. Traffic counts average 20,300 vehicles daily on Cedar Avenue and 13,700 on Dodd Boulevard.

17567 Cedar AveLakeville,Minnesota,55044

Keith Sturm
Upland Real Estate Group, Inc.

612-332-6600