Pep Boys Auto Service & Tire

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.

Currently 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.

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Parent Company: Icahn Enterprises
Store Count: 930
S&P Rating: BB+

S&P Outlook: Stable

Moody Rating: Ba3

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate and Franchise


  • Public Company, Credit Rated
  • Typically Long term leases with increases


  • Competitive Industry Sector
  • Susceptible to economic trends and pressures
  • Large spaces make it more challenging to re-tenant

Market Snapshots:

On Market Ranges:

# of Properties in set: 6

Price: $3,398,050 - $4,462,500Average: $4,094,038

PPSF: $350 - $410Average: $376

Year Built: 1970 - 1996Average: 1983

CAP Rate Range: 5.41% - 6.76%Average: 5.88%

Size range: 4,864 sq ft - 19,630 sq ft Average: 11,781 sq ft

Last 12 Month Range:

# of Properties in set: 12

Price: $1,869,210 - $2,305,360Average: $2,076,897

PPSF: $222 - $277Average: $241

Year Built: 1958 - 2017Average: 1996

CAP Rate Range: 5.07% - 6.45%Average: 6.03%

Size range: 4,520 sq ft - 22,500 sq ft Average: 10,230 sq ft

Pep Boys Auto Service & Tire Company Profile

Headquarters Information

Philadelphia, Pennsylvania

Founded in 1921

Company type: Public

Stock Ticker: IEP

Parent Company: Icahn Enterprises

Industry: Specialty retail and automotive repair and Tires

# of Employees: 18,000

S&P Rating: BB+

S&P Outlook: Stable

S&P Rating: Ba3

Moody Outlook: Stable

Pep Boys Auto Service & Tire Stock Keys

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