Actual Site

OFFERING MEMORANDUM

PEP BOYSCartersville, GA

Michael BerkAssociate404.835.7666 | mberk@calkain.com

Sheree Strome, CCIMAssociate Director404.900.5629 | sstrome@calkain.com

Asset Summary

Net Operating Income (NOI) $49,300

Rent/Month $4,108.33

Rent/SF $9.50

Rentable Square Feet 5,200+/- SF

Land Area 1.19+/- Acres

Tenant The Pep Boys: Manny, Moe & Jack

Credit Rating S&P: BB+

Stock Symbol NYSE: PBY

Guarantor Corporate

Ownership Type Fee Simple

Lease Type NN

Landlord Responsibilities Roof and Structure

Lease Term Remaining 4 Years

Rent Commencement February 23, 2017

Lease Expiration February 23, 2022

Increases 8% in Option Years

Options Three (3), Five (5) Year

Investment Highlights

• Corporate lease

• Corner location

Rent ScheduleTerm Increases Annual Rent Monthly Rent

Years 1-5 - $49,300 $4,108.33

Years 6-10 (Option 1) 8% $53,244 $4,437.00

Years 11-15 (Option 2) 8% $57,503 $4,791.96

Years 16-20 (Option 3) 8% $62,103 $5,175.32

Asking Price$636,129

Cap Rate 7.75%

425 Grassdale Rd Cartersville, GA 30121

Calkain Companies | 2

Pep Boys | Financial Summary

About Pep Boys

The Pep Boys: Manny, Moe & Jack (branded

and commonly abbreviated as Pep Boys) is an

American automotive aftermarket retail and

service chain.

Originally named Pep Auto Supply Company,

the Company was founded in Philadelphia,

Pennsylvania in 1921 by Emanuel (Manny) Rosenfeld, Maurice L. (Moe) Strauss,

W. Graham (Jack) Jackson, and Moe Radavitz.

Headquartered in the Philadelphia neighborhood of East Falls, Pep Boys provides

name-brand tires; automotive maintenance and repair; parts and expert advice for

the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and

repair to customers across the U.S. with Just Brakes, a wholly owned subsidiary of

The Pep Boys – Manny, Moe & Jack, Pep Boys operates more than 8,300 service

bays in over 930 locations in 35 states and Puerto Rico.

Tenant SnapshotTenant Snapshot

# of Locations

930

Credit Rating

S&P: BB+

2017 Revenue

$2.078 Bil

Market Cap

$2.78 Bil

Calkain Companies | 3

Tenant Overview

Hollywood

Knoxville, TNNashville, TN

Atlanta, GA

Memphis, TN

85

75

Chattanooga, TN

Alpharetta, GA

Birmingham, AL

Cartersville, GA

Marietta, GA59

95

Marietta, GA 30 miles

Alpharetta, GA 38 miles

Atlanta, GA 47 miles

Chattanooga, TN 72 miles

Birmingham, AL 143 miles

Nashville, TN 203 miles

Subject Site

Calkain Companies | 4

Location Overview

Distance To

75

75

Keep all map content (except background) above this margin for website cropping purposes

Subject Site

14441

425 Grassdale Rd | Cartersville, GA

Location Highlights

Near Highway Location

2,000 VPD Pass the Site

Corner Location

C

lick fo

r Street View

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Subject Site

Gras

sdal

e Rd

2,0

00 V

PDJoe Frank Harris Pkwy 41,000 VPD

Holt’s Pharmacy

Storage Key Self Storage

425 Grassdale Rd | Cartersville, GA

Site Photos

Calkain Companies | 7

1 Mile 3 Miles 5 MilesPopulation2018 Population 6,400 30,740 51,272

2023 Population 6,460 31,980 53,201

2018 Median Age 36.3 35.1 36.6

Households2018 Total Households 2,578 10,975 18,631

2023 Total Households 2,602 11,403 19,326

Median Household Income2018 Median HH Income $40,255 $42,358 $48,786

2023 Median HH Income $43,703 $47,257 $52,866

Average Household Income2018 Average HH Income $52,036 $55,761 $63,596

2023 Average HH Income $57,408 $63,094 $72,005

Population 51,272

Median Age 36.6

Avg HH Income $63,596

Total Businesses 2,364

Total Employees 27,201

Net Worth $52,244

5 Mile Radius | Demographics

75

75

Location Overview, 1/3/5 Miles

Calkain Companies | 8

About UsCalkain Companies LLC is a boutique commercial real estate investment banking firm that provides consulting and brokerage services to both private and institutional clientele with a focus on single tenant net lease investments. It prides itself on being an innovative leader by providing its clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, debt and equity placement and wealth management.

Calkain has built solid, lasting relationships that have been the cornerstone of how they do business. Calkain approaches each assignment with an eye toward each client’s individual needs. Whether private or institutional investors, Calkain delivers real estate solutions that maximize value while building wealth for all of its clients.

At Calkain, their foresight and innovation are leading the net lease investment industry.

Building a solid foundation for your investment portfolio

calkain.com

Disclaimer: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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