Calle Marginal Edficio 730
Guayama, PR 784
|Price: $5,500,000||Building Size: 19,658|
|Cap Rate: 7.80%||Lot Size: 1.90|
|Annual Rent: $429,550||Year Built: 1998|
Headquartered in Philadelphia, Pennsylvania, Pep Boys is a leading automotive retail and service chain, involved in the sale of automotive parts, tires and accessories, automotive repairs and the installation of parts. Founded in 1921, the Company has been in business for 86 years. Pep Boys serves both do it yourself customers, which include those at the retail level and do it for me customers, which includes those seeking service labor, merchandise installations and tires. Pep Boys is the only national chain offering automotive services, accessories, tires and parts under one roof. Earlier this year, Pep Boys was acquired by Icahn Enterprises for over $1 billion dollars. The Pep Boys acquisition complements Icahn’s 2015 purchase of Auto Plus, the former U.S. arm of Canadian parts distributor Uni-Select Inc, which distributes auto parts to professional service dealers. The combined company aims to be one of the largest automotive aftermarket companies in the U.S. in the next five years, according to its website.