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Mavis Discount Tire

2020 N Lecanto Hwy, Lecanto, FL 34461

Listing Price: $2,750,000

Cap Rate
5.00%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
6,979
Guarantor
Corporate Guarantee
Rentable SF
6,979
Price/Gross SF
$394.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.70

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 2020 N Lecanto Highway, Lecanto, FL. The site consists of roughly 6,979 rentable square feet of building space on estimated 1.14-acre parcel of land.
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 $137,500 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
  • Six (6) Tenant Renewal Periods of Five (5) Years Each

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

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $2,750,000

Cap Rate
5.00%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
6,979
Guarantor
Corporate Guarantee
Rentable SF
6,979
Price/Gross SF
$394.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.70

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
  • Six (6) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 2020 N Lecanto Highway, Lecanto, FL. The site consists of roughly 6,979 rentable square feet of building space on estimated 1.14-acre parcel of land.
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 $137,500 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

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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