Views: 0 DOM: 43 Updated: 11.15.23 Posted: 10.30.23 Status: Active


Price $1,550,000
Built/Renov 2003
Tenant MAACO
Cap Rate 6.19%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,826
Lease Start 07-01-2023
#Units 417
Price/SF $405.12
Expiration 07-30-2028
Tenant Type Automotive
NOI $96,000
R. Term 4.7
Ownership Fee Simple
Rent/SF $25.09
Increases 3.0%/1/yrs
Pop 5Mi 235,810
Lot/AC 0.68
Options 1/5yrs/3%
AHHI 5Mi $92,951

Lease Highlights

  • The tenant, Maaco, has 4+ years remaining on their lease with 1 (5-year) option to extend
  • The lease features 3% rental increases annually
  • Absolute NNN | Zero landlord responsibilities
  • Below market rent per square foot ($13 vs $25)
  • No State income tax

Location Description

Maaco is strategically fronting Tyrone Boulevard North (Hwy 595) and benefits from a high traffic count of 49,000 vehicles passing by daily. The surrounding trade area is densely populated and supported by various national/credit tenants, including Target, Publix, Walmart Supercenter, Kohl's, Total Wine, and more. The property enjoys excellent visibility and offers multiple points of...



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  • Tenant: MAACO
  • Guarantor:Franchisee
  • Company:Driven Brands Holdings, Inc.
  • # Units:417
  • Tenant S&P: B+
  • Moody’s: B3
  • Stock:NASDAQ: DRVN

About Tenant

MAACO Collision Repair & Auto Painting is the leading franchisor of auto paint and collision repair shops. MAACO repairs accident damage, dents, and faded paint for nearly 500,000 drivers...



Collection Street Cross Street Year Traffic Vol Distance
Tyrone Blvd N Tyrone Blvd 2011 40,000 0.02 mi
Tyrone Boulevard North 62nd St N 2022 38,500 0.03 mi
Tyrone Boulevard North Bay Pines Blvd 2021 38,500 0.04 mi
Park St N 40th Ave N 2011 21,000 0.11 mi
Park St N 37th Ave N 2011 23,639 0.19 mi
Pinellas Trl 38th Ave N 2011 16,500 0.26 mi
Tyrone Blvd N 34th Ave N 2011 30,000 0.54 mi
Bay Pines Blvd Seahorse Dr 2011 45,000 0.55 mi
46th Ave N 73rd St N 2011 6,000 0.87 mi
Bay Pines Boulevard Bay Pines Blvd 2022 49,000 0.91 mi

Listing Broker

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