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Views: 36 DOM: 52 Updated: 07.09.24 Posted: 05.21.24 Status: Active

Summary

Price $3,874,000
Built/Renov 2006
Tenant Tire Choice Auto Service Centers
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 6,165
Lease Start 05-01-2022
#Units 356
Price/SF $628.39
Expiration 04-30-2032
Tenant Type Automotive
NOI $232,425
R. Term 7.9
Ownership Fee Simple
Rent/SF $37.70
Increases 10.0%/8/yrs
Pop 5Mi 92,529
Lot/AC 0.96
Options 3/5yrs/10%
AHHI 5Mi $133,650

Lease Highlights

  • Tire Choice Auto Service Centers has been operating in this location since 2005
  • The tenant has 7+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed Lease

Location Description

Tire Choice Auto Service Centers is strategically located on Bonita Beach Road Southeast, offering access to 43,000 vehicles passing by daily. The property is conveniently situated directly off I-75 (90,000 VPD), providing direct on/off ramp access. Additionally, it functions as an outparcel at Bonita Grande Crossing, a shopping center anchored by a high-performing Publix. The site is near...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Tire Choice Auto Service Centers is a brand of retail tire and automotive service stores. At Tire Choice Auto Service Centers, they offer a comprehensive range of auto repair services to keep...


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Listing Broker

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