Auto Parts

Tire Kingdom 15 Year Lease Bradenton, Florida

8347 FL-64, Bradenton, FL 34212

Listing Price: $3,402,061

Cap Rate
4.70%
Tenant Name
Tire Kingdom
Years Remaining On Lease
15.2
Gross SF
6,225
Guarantor
Corporate Guarantee
Rentable SF
6,225
Price/Gross SF
$546.52
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.70

Investment Overview

Marcus & Millichap is pleased to present for sale this brandnew
construction Tire Kingdom located in Bradenton, Florida.
Bradenton is a booming Florida city on the Manatee River just
south of Tampa, with a population of over 59,000 and is the
principal city of the North Port-Sarasota-Bradenton metropolitan
Statistical area with a population of over 821,000. Situated right
off the Eastbound State Road 64 Exit of traveled Interstate 75, this
property experiences traffic counts in excess of 47,000 vehicles
per day. With the Corporate backing of TBC Corporate, this fee
simple lease will have eight percent increases in rent every five
years, and 10 percent increases in rent every five years during
the five (5-year each) extension periods.
This Tire Kingdom has a 15 Year Triple Net Lease and benefits
from its close vicinity to The Lakewood Ranch planned community,
which is one of the best Planned Communities in the U.S. Only
a few minutes from the property is The Riverwalk, a 5-acre park
along the Manatee River with galleries, studios and shops, and
attracting more than 100,000 people per year. Bradenton is one
of the fastest growing cities in the country. This Tire Kingdom is
located 15 minutes south of The University of South Florida, with
over 50,000 students across all campuses and 180 Majors.
Numerous retailers in the immediate vicinity of the property are
Dairy Queen, Taco Bell, Crunch Fitness, SMH Urgent Care and
Sherwin Williams.
Tire Kingdom is a large American tire store chain located primarily
in the southern part of the United States. In the year 2000, it
became a subsidiary of TBC Corporation. TBC is headquartered
in Palm Beach Gardens, Florida and it owns Tire Kingdom with
180 plus locations, NTB with 450 plus locations, Tire America, Big
O Tires with 440 plus locations, and Midas with 2,100 locations.

Investment Highlights

  • Corporate Backed by TBC Corporation with 180+ Tire Kingdom Stores and 450 NTB Stores
  • 15 Minutes from University of South Florida with over 50,000 Students
  • 15-Year Triple Net Lease with 8% Increases Every 5 Years Base Term
  • 10% Increases in the Extension Periods
  • Situated on busy State Road 64 with Traffic Counts Exceeding 47,000 Vehicles Per Day
  • Located Nearby Lakewood Ranch Planned Community One of Fastest Growing Communities

Exclusively Listed By

Auto Parts

Tire Kingdom 15 Year Lease Bradenton, Florida

Listing Price: $3,402,061

Cap Rate
4.70%
Tenant Name
Tire Kingdom
Years Remaining On Lease
15.2
Gross SF
6,225
Guarantor
Corporate Guarantee
Rentable SF
6,225
Price/Gross SF
$546.52
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.70

Investment Highlights

  • Corporate Backed by TBC Corporation with 180+ Tire Kingdom Stores and 450 NTB Stores
  • 15 Minutes from University of South Florida with over 50,000 Students
  • 15-Year Triple Net Lease with 8% Increases Every 5 Years Base Term
  • 10% Increases in the Extension Periods
  • Situated on busy State Road 64 with Traffic Counts Exceeding 47,000 Vehicles Per Day
  • Located Nearby Lakewood Ranch Planned Community One of Fastest Growing Communities

Investment Overview

Marcus & Millichap is pleased to present for sale this brandnew
construction Tire Kingdom located in Bradenton, Florida.
Bradenton is a booming Florida city on the Manatee River just
south of Tampa, with a population of over 59,000 and is the
principal city of the North Port-Sarasota-Bradenton metropolitan
Statistical area with a population of over 821,000. Situated right
off the Eastbound State Road 64 Exit of traveled Interstate 75, this
property experiences traffic counts in excess of 47,000 vehicles
per day. With the Corporate backing of TBC Corporate, this fee
simple lease will have eight percent increases in rent every five
years, and 10 percent increases in rent every five years during
the five (5-year each) extension periods.
This Tire Kingdom has a 15 Year Triple Net Lease and benefits
from its close vicinity to The Lakewood Ranch planned community,
which is one of the best Planned Communities in the U.S. Only
a few minutes from the property is The Riverwalk, a 5-acre park
along the Manatee River with galleries, studios and shops, and
attracting more than 100,000 people per year. Bradenton is one
of the fastest growing cities in the country. This Tire Kingdom is
located 15 minutes south of The University of South Florida, with
over 50,000 students across all campuses and 180 Majors.
Numerous retailers in the immediate vicinity of the property are
Dairy Queen, Taco Bell, Crunch Fitness, SMH Urgent Care and
Sherwin Williams.
Tire Kingdom is a large American tire store chain located primarily
in the southern part of the United States. In the year 2000, it
became a subsidiary of TBC Corporation. TBC is headquartered
in Palm Beach Gardens, Florida and it owns Tire Kingdom with
180 plus locations, NTB with 450 plus locations, Tire America, Big
O Tires with 440 plus locations, and Midas with 2,100 locations.

Exclusively Listed By

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