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Auto Parts

Tire Kingdom

1353 Atlantic Blvd, Neptune Beach, FL 32266

Listing Price: $3,533,000

Cap Rate
5.30%
Tenant Name
Tire Kingdom, Inc.
Years Remaining On Lease
1.2
Gross SF
6,600
Guarantor
Corporate Guarantee
Rentable SF
6,600
Price/Gross SF
$535.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.37

Investment Overview

Tire Kingdom is a tire retailer and auto repair and maintenance company. In 1972, the company’s first location opened in West Palm Beach, Florida. In the decades after, business grew rapidly throughout Florida and expanded to other U.S. states such as Georgia, Louisiana, Vermont, Ohio, and New Hampshire. Neptune Beach is a beachfront city of 7,500 residents east of Jacksonville in Florida’s Duval County, and is part of the Jacksonville Beaches community. Jacksonville, the largest city in the continental United States, is a rapidly growing metropolitan city in Northeast Florida. Due to its convenient location, mild climate, reasonable cost of living, high quality of life and a business-friendly government, Jacksonville is a popular location for corporate expansions and relocations.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • 123,936 Residents within a Five-Mile Radius - Jacksonville MSA
  • Outparcel to Ace Hardware and Winn-Dixie Grocery Store
  • Highly Visible and Easily Accessible Along Atlantic Boulevard (Over 31,000 Cars Per Day), a Major Thoroughfare with Direct Access to Downtown Jacksonville
  • Situated in Dense Retail Corridor - National Retailers Include LA Fitness, Publix Super Market, Planet Fitness, Whataburger, and Panera Bread
  • Average Household Income Exceeds $103,000 within Five Miles
  • Prime Location Only One Mile from the Beach

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $3,533,000

Cap Rate
5.30%
Tenant Name
Tire Kingdom, Inc.
Years Remaining On Lease
1.2
Gross SF
6,600
Guarantor
Corporate Guarantee
Rentable SF
6,600
Price/Gross SF
$535.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.37

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • 123,936 Residents within a Five-Mile Radius - Jacksonville MSA
  • Outparcel to Ace Hardware and Winn-Dixie Grocery Store
  • Highly Visible and Easily Accessible Along Atlantic Boulevard (Over 31,000 Cars Per Day), a Major Thoroughfare with Direct Access to Downtown Jacksonville
  • Situated in Dense Retail Corridor - National Retailers Include LA Fitness, Publix Super Market, Planet Fitness, Whataburger, and Panera Bread
  • Average Household Income Exceeds $103,000 within Five Miles
  • Prime Location Only One Mile from the Beach

Investment Overview

Tire Kingdom is a tire retailer and auto repair and maintenance company. In 1972, the company’s first location opened in West Palm Beach, Florida. In the decades after, business grew rapidly throughout Florida and expanded to other U.S. states such as Georgia, Louisiana, Vermont, Ohio, and New Hampshire. Neptune Beach is a beachfront city of 7,500 residents east of Jacksonville in Florida’s Duval County, and is part of the Jacksonville Beaches community. Jacksonville, the largest city in the continental United States, is a rapidly growing metropolitan city in Northeast Florida. Due to its convenient location, mild climate, reasonable cost of living, high quality of life and a business-friendly government, Jacksonville is a popular location for corporate expansions and relocations.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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