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Auto Service - Gas-Conv

Tire Choice

10100 Bonita Beach Rd SE, Bonita Springs, FL 34135

Listing Price: $2,015,000

Cap Rate
5.25%
Tenant Name
Monro Inc, D.B.A Tire Choice
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
4,807
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.00

Investment Overview

Marcus & Millichap is pleased to present Tire Choice in Bonita Springs, 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 Bonita Springs, FL. This unique investment opportunity is ideally positioned one mile from three major shopping centers including a Publix anchored center, Winn Dixie, LA Fitness and numerous other major retail drivers. Additionally, this dense infill, high barrier to entry location on Bonita Beach Road, which sees over 38,000 Cars Per Day. The location has a long operating history with a growing built in customer base with projected population growth of 11.4% over the next 5 years. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • 5.58% Blended Cap Rate Over Base Term
  • Tire Choice Is Florida's Fastest Growing Tire and Automotive Service Chain
  • Essential Service Provider – Pandemic, Recession and E-Commerce Proof Concept
  • Located on a Corner Intersection With Multiple Points of Access
  • 38,000+ Cars Per Day on Bonita Beach Road
  • Southwest Florida is Among the Fastest Growing Metro Markets in The Nation

Exclusively Listed By

Listing Price: $2,015,000

Cap Rate
5.25%
Tenant Name
Monro Inc, D.B.A Tire Choice
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
4,807
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.00

Investment Highlights

  • 5.58% Blended Cap Rate Over Base Term
  • Tire Choice Is Florida's Fastest Growing Tire and Automotive Service Chain
  • Essential Service Provider – Pandemic, Recession and E-Commerce Proof Concept
  • Located on a Corner Intersection With Multiple Points of Access
  • 38,000+ Cars Per Day on Bonita Beach Road
  • Southwest Florida is Among the Fastest Growing Metro Markets in The Nation

Investment Overview

Marcus & Millichap is pleased to present Tire Choice in Bonita Springs, 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 Bonita Springs, FL. This unique investment opportunity is ideally positioned one mile from three major shopping centers including a Publix anchored center, Winn Dixie, LA Fitness and numerous other major retail drivers. Additionally, this dense infill, high barrier to entry location on Bonita Beach Road, which sees over 38,000 Cars Per Day. The location has a long operating history with a growing built in customer base with projected population growth of 11.4% over the next 5 years. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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