1555 Mangrove Ave · Chico, CA 95926 · Auto Parts / Service
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
Single-Tenant Pep Boys Ground Lease (12 Bays):
6 years remaining on the current term
Tenant since 1996; history of long-term success
Corporate ground lease; zero landlord responsibilities
2022 exercise of two 5-year options
10% increases every 5 years
Pep Boys has strong industry recognition with 850 locations and $2.4 billion in annual sales
Destination Service/Internet-Resistant Tenant; $414 Billion Auto Repair Industry
Large 1.77-Acre Parcel with 80 Parking Spaces
Upside potential with below-market rent
Future redevelopment potential within the Chico COS (Corridor Opportunity Site) with CMU (Commercial Mixed-Use) designation allowing for housing to be built
Stable Local Economy Anchored by California State University Chico with 14,800 Students
105,000 people with an average household income of $91,000 within 5 miles
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Pepboys_chico
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.
Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.