Pep Boys In Noblesville

Noblesville, Indiana
Property Overview
5980 Promenade Shops Blvd, Noblesville, Indiana 46062
6,936 Square Feet
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Listing Broker
  • Minimal Landlord Responsibilities: With a NN Lease, there are minimal landlord responsibilities
  • Corporate Lease: This is a corporate location with Pep Boys operating and paying the rent
  • Rental Increases: 6% every 5 years during the Base Term and Option Terms
  • New Construction: Brand New 15-year lease, delivery date set for December
  • Surrounding Developments: Subject property is on an outlot of a planned 90,000 sf Meijer Grocery and fuel center and across the street from a 34-acre,$72M project consisting of single-family, multifamily, and retail (including a C-Store and Crew Carwash).
  • Dense Surrounding Retail Area: Subject property is surrounded by established retailers including CVS Pharmacy, Speedway, and McDonald's.
  • Sought After Retail: Auto service providers are sought after retail investments due to thier ecommerce proof business structure and defense against recessions with business often times improving during downturn turns in the economy
  • High Growth Market: The population in a three mile radius of this store is expected to grow by over 13% in the next 5 years