Pep Boys offers a new, 10-year lease with four, five-year renewal options and eight percent rental increases every five years in both base term and option periods. Pep Boys offers brand new construction, opening in January 2018. Constructed as a replacement store for the location purchased by Augusta National to expand the golf course, it features a 20-year watertight roof warranty.
This opportunity presents itself as a stabilized investment with great visibility. Pep Boys in Augusta is located at a signalized intersection down the street from the famed Augusta National Golf Club, home of The Masters. Surrounding national retailers include Publix, Kroger, AutoZone, Dollar Tree, SteinMart, DSW, Verizon, Cricket Wireless, Bank of America, Outback Steakhouse, Bonefish Grill, Applebee’s, Chick-fil-A, Longhorn Steakhouse, Walgreens, Dunkin’ Donuts, Starbucks and many more.
Situated in Augusta, the property offers attractive demographics. Augusta is 143 miles East of Atlanta and 73 miles West of Columbia, South Carolina. It is also less than six miles from Paine College and Augusta University, which had a combined enrollment of more than 8,500 students during the fall of 2016.