Pep Boys 6721 Old Seguin Road

San Antonio, TX 78244

For Sale

0.80 ac

Sale Price

$1,982,000
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CORPORATE GUARANTEE | 2% ANNUAL INCREASES
Backed by Corporate with 900+ Locations and $2.1 Billion in Annual Revenue
Absolute Net Lease Structure, No Landlord Responsibilities Whatsoever
2% Annual Increases throughout the Term
Traffic Counts in front of the Subject Property Reach Nearly 30,000 vehicles per day
Extremely Dense Residential Area with Nearly 114,000 People within 3 Miles of the Property
Growing Location, 28% Increase in Population Surrounding the Property Between 2010 and 2022
stablished Location Surrounded by 40+ National Retailers Including HEB Grocery, Walgreens, Ross, Petco, U-Haul, IHop, UPS, Taco Bell, Denny’s, and more
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
Bradley Benjamin
Lic: TX Lic. #645496
BB
CBRE is pleased to offer to the market this Pep Boys property with approximately 10 years left on the lease. The lease is corporate backed, absolute net and carries 2% annual rent escalations throughout the remainder of the initial term. The tenant has four, 5 year options to extend their term at fair market value. The property was built in 2008 as a Just Brakes location and was remodeled in 2017 after Pep Boys purchased the Just Brakes franchise. The property is well positioned down the street from HEB’s Distribution Center, Manufacturing Plant and Retail Support Center; positioned across the street from Ross Dress for Less and HEB ahcnored shopping centers and minutes to Fort Sam Houston Airforce Base with a population of 160,000 People and San Antonio Military Medical Center, the larest military medical training facility in the world.

Pep Boys is an American automotive aftermarket service chain. Originally named Pep Auto Supply, the company was founded in Philadelphia, Pennsylvania, in 1921 by Emanuel "Manny" Rosenfeld, Maurice "Moe" Strauss, W. Graham "Jack" Jackson, and Moe Radavitz. Pep Boys is headquartered in the Philadelphia suburb of Bala Cynwyd, Pennsylvania. The company provides name-brand tires, automotive maintenance and repair, and fleet maintenance and repair to customers across the United States. As of 2016, the company operated more than 9,000 service bays in 35 states and Puerto Rico and the Pep Boys Mobile Crew service trailer, which offers automotive maintenance on location.
With over 300 years of history, as the only UNESCO World Heritage Site in Texas and one of only two Creative Cities of Gastronomy in the entire United States, there is so much to appreciate in San Antonio. San Antonio is the county seat of Bexar County, Texas. The city is the seventh most populous in the US, the second largest in the Southern US, and the second most populous in Texas. Straddling the regional divide between South and Central Texas, San Antonio anchors the southwestern corner of an urban megaregion colloquially known as the Texas Triangle. Downtown San Antonio and Downtown Austin are approximately 80 miles apart, both falling along the Interstate 35 corridor. Some observers expect the two metropolitan regions to form a new metroplex similar to Dallas and Fort Worth.

San Antonio has a diversified economy with a gross domestic product of more than $144 billion in 2021. According to the San Antonio Convention and Visitors Bureau, the city is visited by about 37 million tourists a year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. Tourism provides over 130,000 jobs, and has an economic impact of $15.2 billion in the local economy. The city of San Antonio receives approximately $195 million a year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world.

San Antonio is the headquarters of four Fortune 500 companies as well as 15+ smaller companies including: Valero Energy, USAA, iHeartMedia, and NuStar Energy. H-E-B, the 13th-largest private company in the U.S., is also headquartered in San Antonio. The North American Development Bank, a development finance institution jointly held by the governments of the U.S. and Mexico, is headquartered in San Antonio as well. In December 2020, Amazon announced plans to for three new facilities in San Antonio and the city is home to the South Texas Medical Center, the only medical research and care provider in the South Texas region.

San Antonio boasts one of the largest concentrations of military bases in the U.S., and has been nicknamed "Military City, USA". They are home to U.S. Air Force Basic Military Training (AFBMT). The Air Force only has one location for enlisted basic training: the 737th Training Group, at Lackland Air Force Base. All new Air Force recruits go through the same basic training at Lackland. Each year, over 35,000 new recruits go through AFBMT. In addition, METC (the Military Education and Training Campus), which provides the medical training for the U.S. military at Fort Sam Houston, hosts 30 programs and over 24,000 annual graduates. It is the largest medical education center in the world. The city hosts over 100,000 students in its 31 higher-education institutions. Publicly supported schools include UT Health San Antonio, the University of Texas at San Antonio, Texas A&M University–San Antonio, and the Alamo Community College District. The University of Texas at San Antonio is San Antonio's largest university.

The subject property sits along the neighborhood boundaries of East Side and Alamo Heights. From St. Paul Square, a bustling dining and entertainment district, to Dignowity Hill, a vintage residential suburb undergoing tremendous revitalization, diversity drives the attraction of San Antonio’s East Side. The East Side of San Antonio is home to the San Antonio Stock Show & Rodeo, the AT&T Center, and the Freeman Coliseum. Adjacent to the Broadway Cultural Corridor, the Alamo Heights neighborhood is centrally located, easily accessible and bursting with entertainment for visitors of all ages. Today, that neighborhood is a city surrounded by San Antonio and filled with locally-owned restaurants, boutiques, museums and parks. All just a few miles north of downtown.

Total Space Available

0.80 ac

Sale Price

$1,982,000
1 6721 Old Seguin Road San Antonio TX Aerial Amenities2
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
Bradley Benjamin
Lic: TX Lic. #645496
BB