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National investment group buys 4 Central Florida Pep Boys

The Niki Group bought four area properties with long-term leases to Pep Boys, including this one at 1314 Main St. in Leesburg.
The Niki Group bought four area properties with long-term leases to Pep Boys, including this one at 1314 Main St. in Leesburg. (Lake County Property Appraisers website)

The Niki Group, a real estate investment company from San Diego that specializes in partnering to develop and finance properties leased to long-term tenants, recently purchased four properties leased by Pep Boys in Central Florida from Doug Bolt of Bolt Ventures Inc., also known as Florida Tire Inc. Niki Group bought the parcels under the name of Niki Pep LP.

Bolt said that he listed the properties with a commercial broker because he wanted to make a change in his life.

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Two of the properties are in Lake County, one in Leesburg at 1314 Main St. and another in Clermont at 1437 Sunrise Plaza Dr.  Those two properties, along with a Pep Boys at 120 Laurel Ave. in Sanford in Seminole County that was recorded with the two in Lake County, were bought for $3,578,411, according to Lake County records.

The fourth Pep Boys sold was in Celebration in Osceola County at 70 Blake Dr. for $1,727,822, according to the Osceola County records.

The Niki Group did not return calls for comment on their recent purchases.

Teresa Burney can be reached at 352 455 1955 or at Teresaburney4@gmail.com. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

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