Equity Retail Brokers Agent Ed Ginn Executes the Sale of a Pep Boys Net Leased Asset

Equity Retail Brokers Agent Ed Ginn Executes the Sale of a Pep Boys Net Leased Asset

Conshohocken, PA, January 29, 2015 – Ed Ginn of Equity Retail Brokers recently represented the seller in the sale of a Net Leased Pep Boys in Maple Shade, New Jersey.

The buyer, a local investor, was represented by Lynn O’Hara of Lynn O’Hara Real Estate.

The 10,000 square foot net leased property is situated on Route 38 East in Burlington County, located within one-tenth of a mile from the Moorestown Mall. Surrounding retailers include Macy’s, Lord & Taylor, Sears, Boscov’s, Lowe’s and Regal Cinemas.

Pep Boys sells brand name and private label auto parts, and provides select services through some 800 stores in 35 states and Puerto Rico. Pep Boys stock about 25,000 car parts and accessories, including tires, and combined, operate more than 7,500 service bays for vehicle repairs, inspections, and parts installations. It also offers credit and parts delivery to commercial customers, such as repair shops, fleet operators, schools, and municipalities. The Pep Boys was founded in 1921 by Philadelphians Manny, Moe, and Jack.

If you would like more information about this transaction or our investment sales services, please contact Ed Ginn, 484.417.2201, eginn@equityretailbrokers.com.

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January 29, 2015