Advertisement
10/24/2022

Pep Boys’ shuttering of its auto parts business makes 81 storefronts available

Al Urbanski
Real Estate Editor & Manager
Al Urbanski profile picture
Image
Pep Boys
Spaces up for lease range across 24 states.

Manny, Moe, and Jack have bid farewell to their auto parts business, leaving scores of retail spaces vacant for new occupants across the United States.

The 81 locations that neighbor Pep Boys service centers range in size from 6,400 to 15,700 sq. ft. are available for either lease or sublease. Last year, Pep Boys owner Icahn Automotive Group leased 109 such adjoining properties in California to Advanced Auto Parts.

"Food stores, fitness centers, medical clinics, and other retail uses, just to name a few possibilities, can hit the ground running with good frontage, a clean box, and ready access to their target customers," said Mike Matlat, senior managing director of A&G, the retail advisory firm hired by Pep Boys to handle the leasing of the properties.

The subdivided storefronts are located in 24 states: Arizona, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, Maryland, Maine, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, and Virginia.

"This is a great opportunity to move into buildout-ready, prime commercial space," said A&G co-president Andy Graiser.

Pep Boys operates more than 7,500 service bays in more than 900 locations in 35 states and Puerto Rico.