Carl Icahn is selling Pep Boys but keeping the keys to the real estate.
Icahn to part with Pep Boys chain, but not its real estate
Billionaire investor retains auto-service properties as $700 million deal underscores value of underlying land
By Linda Moss
CoStar NewsJuly 21, 2026 | 8:38 P.M.
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IN THIS ARTICLE
- Companies
- Pep Boys
Retailer
- Mavis Discount Tire
Retailer
- Icahn Automotive Group
Retailer
- Icahn Enterprises L.P.
Management of Companies and Enterprises
- Contacts
- Carl Icahn
Founder, Chairman of the Board, Icahn Enterprises L.P.
- Bryn Feller
Senior Vice President & Managing Director, Northmarq