Pep Boys - Tenant Overview


January 24, 2024

Auto - Repair

Tenant Description

Pep Boys, founded in 1921 as Pep Auto Supplies in Philadelphia, has grown from a local venture to a national chain, now known as Pep Boys - Manny, Moe & Jack. With over a century of history, the company has expanded to over 1,000 locations across the U.S. and Puerto Rico, establishing a formidable presence in the automotive service and retail market.

The company offers an extensive range of services, including tire services, auto repairs, maintenance, and the sale of automotive parts, accessories, and tools. Catering to both DIY enthusiasts and professional mechanics, Pep Boys has developed a strong brand and customer loyalty by providing comprehensive automotive solutions in one place.

Technological advancement is integral to Pep Boys' operations. Utilizing modern diagnostic and repair tools, along with a robust online platform for customer engagement and service appointments, the company enhances its service efficiency and customer experience, staying ahead in the evolving automotive market.

Pep Boys' growth strategy involves the consistent expansion of service centers and retail outlets, with future plans focused on reaching more customers and adapting to market changes. This approach highlights their dynamic and growth-oriented business model.

Strategically located in high-traffic areas for maximum accessibility, Pep Boys' real estate choices contribute significantly to their operational success. Financially, the company has achieved resilience, surpassing $2 billion in annual sales, and presents a strong profile as a tenant in the commercial real estate sector. Their established brand, diverse services, and strategic expansion plans make them a reliable and attractive option, poised for continued growth and success.

Average Asking Cap Rate


3 mo avg (83 properties)

Typical Investment/Lease

Average Sale Price




$/Square Foot

$320 - $440

Building SF

6,800 - 11,400

Approx. Store Count


Lease Term

15 Years


10% Every 5 Years

Stock Symbol


Credit Quality



Average Asking Cap Rate Trend





Reflect only properties with long-term lease.

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