Auto Service - Gas-Conv

Tire Choice

946 NE Pine Island Rd, Cape Coral, FL 33909

Listing Price: $2,222,222

Cap Rate
5.40%
Tenant Name
Monro Inc, D.B.A Tire Choice
Years Remaining On Lease
8.0
Gross SF
7,500
Guarantor
Corporate Guarantee
Rentable SF
7,500
Price/Gross SF
$296.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.00

Investment Overview

Marcus & Millichap is pleased to present Tire Choice, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Cape Coral, FL. This unique investment opportunity is ideally positioned in at a signalized intersection on the highest growth corridor in all of Cape Coral. Additionally, this dense infill, high barrier to entry location on Pine Island Road, which sees over 45,000 Cars Per Day. The location has a long operating history with a growing built in customer base having excellent sightline, visibility, exposure and signage. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • 5.74% Average Cap Rate Over Initial Term
  • Huge 1.80 Acre Parcel
  • Tire Choice is Florida's Fastest Growing Tire and Automotive Service Chain
  • Essential Service Provider - Pandemic, Recession and E-commerce Proof Concept
  • Located at a Signalized Intersection
  • Cape Coral / Ft. Myers, Florida is Among the Fastest Growing Metro Markets in the Nation

Exclusively Listed By

Listing Price: $2,222,222

Cap Rate
5.40%
Tenant Name
Monro Inc, D.B.A Tire Choice
Years Remaining On Lease
8.0
Gross SF
7,500
Guarantor
Corporate Guarantee
Rentable SF
7,500
Price/Gross SF
$296.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.00

Investment Highlights

  • 5.74% Average Cap Rate Over Initial Term
  • Huge 1.80 Acre Parcel
  • Tire Choice is Florida's Fastest Growing Tire and Automotive Service Chain
  • Essential Service Provider - Pandemic, Recession and E-commerce Proof Concept
  • Located at a Signalized Intersection
  • Cape Coral / Ft. Myers, Florida is Among the Fastest Growing Metro Markets in the Nation

Investment Overview

Marcus & Millichap is pleased to present Tire Choice, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Cape Coral, FL. This unique investment opportunity is ideally positioned in at a signalized intersection on the highest growth corridor in all of Cape Coral. Additionally, this dense infill, high barrier to entry location on Pine Island Road, which sees over 45,000 Cars Per Day. The location has a long operating history with a growing built in customer base having excellent sightline, visibility, exposure and signage. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower