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Auto Parts

Mavis Discount Tire

3775 S Suncoast Blvd, Homosassa, FL 34448

Listing Price: $3,686,667

Cap Rate
4.50%
Tenant Name
Mavis Tire Express Services Corp
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
6,306
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.31

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 3775 S Suncoast Boulevard in Homosassa, Florida. This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commences upon close of escrow. The annual rent is $165,900 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Auto Parts

Mavis Discount Tire

Listing Price: $3,686,667

Cap Rate
4.50%
Tenant Name
Mavis Tire Express Services Corp
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
6,306
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.31

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 3775 S Suncoast Boulevard in Homosassa, Florida. This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commences upon close of escrow. The annual rent is $165,900 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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