Description

Pep Boys is a corporate-occupied retail property for sale at 10225 South Texas 6 in Sugar Land, TX. Its 14,380 SF of gross leasable area fronts a Highway 6 corridor with a traffic count of 43,340 VPD, giving investors a visible location for the tenant’s auto service operation.

Built in 2013, the Property sits on 1.50 acres with 60 parking spaces. Pep Boys has operated at this location for more than 9 years. Its corporate lease has 2 years remaining and three, 5-year renewal options, each with a 10% rental increase. Those terms give a buyer a defined lease horizon and a clear schedule of rent changes if the tenant exercises its options. The parking and site area also support the customer access central to the existing operation.

The Highway 6 location places Pep Boys among neighboring retailers including Home Depot, Aldi, CVS and Whataburger. That mix draws shoppers to the corridor while keeping the Property in view of passing drivers. The surrounding trade area serves Sugar Land and Missouri City; nearby residential communities include Townewest, Sugar Grove and Woodbridge Estates. For an investor, the location ties the lease to an established retail setting rather than relying on the tenant name alone.

The asking price is $5,026,000, or $350 PSF, with $351,820 in NOI and a 7% cap rate. The investment centers on an operating corporate location, a defined remaining lease term and renewal options with specified increases. Buyers can weigh that income against the tenant’s continued use of a site with direct Highway 6 exposure. Review the Offering Memorandum in the Offering Materials for the transaction.