Auto Service - Gas-Conv
TITO’S TIRE & AUTO CENTER
8512 N Florida Ave, Tampa, FL 33604
Listing Price: $675,000
Cap Rate
7.73%
Tenant Name
TITO’S TIRE & AUTO CENTER
Years Remaining On Lease
1.9
Guarantor
Personal Guarantee
Rentable SF
4,070
Lease Type
Double Net
Rent Per Square Feet
$11.16
Investment Overview
Marcus & Millichap is pleased to bring to market Tito's Tire & Auto Center Located in Tampa, FL.
TITO’S TIRE & AUTO CENTER
Investment Highlights
- Single Tenant Tire and Auto Repair Center | Short-Term Double Net Lease
- Two, Three-Year Renewal Options With Rental Increases
- Landlord is Responsible for Roof and Structure Only
- Located Along North Florida Ave (25,500+ Vehicles Per Day) Just Off of W Busch Blvd (47,000+ VPD)
- Strategically Positioned in a Dense Retail and Residential Corridor Adjacent to Interstate 275 (149,500+ VPD)
- Situated Near Multiple National Tenants Such as Walmart, Home Depot, Save a Lot, Dunkin, Wendy's, Planet Fitness, Advance Auto Parts, Auto Zone, McDonald's and More
- Dense Demographics | 339,000+ Residents Within 5-Miles | Population is Expected to Increase By 2027
- Tampa's Retail Sector has Proven Largely Resilient to the Pandemic, with Tight Retail Fundamentals and a Generally Flat Vacancy Rate Since 2020 (3.30% Vacancy)
Exclusively Listed By
Financing By
Listing Price: $675,000
Cap Rate
7.73%
Tenant Name
TITO’S TIRE & AUTO CENTER
Years Remaining On Lease
1.9
Guarantor
Personal Guarantee
Rentable SF
4,070
Lease Type
Double Net
Rent Per Square Feet
$11.16
Investment Highlights
- Single Tenant Tire and Auto Repair Center | Short-Term Double Net Lease
- Two, Three-Year Renewal Options With Rental Increases
- Landlord is Responsible for Roof and Structure Only
- Located Along North Florida Ave (25,500+ Vehicles Per Day) Just Off of W Busch Blvd (47,000+ VPD)
- Strategically Positioned in a Dense Retail and Residential Corridor Adjacent to Interstate 275 (149,500+ VPD)
- Situated Near Multiple National Tenants Such as Walmart, Home Depot, Save a Lot, Dunkin, Wendy's, Planet Fitness, Advance Auto Parts, Auto Zone, McDonald's and More
- Dense Demographics | 339,000+ Residents Within 5-Miles | Population is Expected to Increase By 2027
- Tampa's Retail Sector has Proven Largely Resilient to the Pandemic, with Tight Retail Fundamentals and a Generally Flat Vacancy Rate Since 2020 (3.30% Vacancy)
Investment Overview
Marcus & Millichap is pleased to bring to market Tito's Tire & Auto Center Located in Tampa, FL.
Exclusively Listed By
Financing By
