🟣 Off ~ Market | STNL | Tire Kingdom | Tampa, FL

We are pleased to present an exclusive off-market opportunity for your consideration. The Tire Kingdom property, located in Tampa, Florida, serves as a retail auto service facility that focuses on tire sales and automotive repairs. Built in 2013, this single-tenant structure spans approximately 6,960 square feet and is positioned on a 1.19-acre parcel of land. Classified as a Class C building, it is secured by an absolute NNN lease with Tire Kingdom, which operates as a subsidiary of TBC Corporation.

This property enjoys a prime location at a bustling intersection that experiences over 37,000 vehicles per day, providing exceptional visibility and accessibility within a well-established commercial district. The strategic positioning of the site enhances its appeal, making it an attractive investment opportunity for those looking to capitalize on a thriving retail auto service market.

Property Summary:

Asking Price: 3,436,363.64

Current NOI: 186,900

Cap Rate: 5.5%

Rent Increase: 5% (2027)

Lease Term Remaining: 12.7 years

Lease End Date: 2037

Corporate Lease

NNN Lease

Note: Lease includes a few tenant's OPTIONS. CPI increases, but not more than 12%.

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