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Auto Parts

Tire Choice Low Rent Tampa MSA

7511 49th St N, Pinellas Park, FL 33781

Listing Price: $1,247,400

Cap Rate
5.00%
Tenant Name
Tire Choice
Years Remaining On Lease
3.7
Gross SF
31,563
Guarantor
Corporate Guarantee
Rentable SF
7,504
Price/Gross SF
$39.52
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.31

Investment Overview

Marcus & Millichap is pleased to present for sale this Tire Choice Automotive Center in Pinellas Park, Florida. The subject property consists of a 7,504 square foot freestanding building on a 0.72-acre parcel of land. Situated as an outparcel to a busy Publix Supermarket, this property experiences traffic counts exceeding 74,500 Vehicles Per Day. The tenant, Tire Choice, is paying a very low rent of $8 per square foot which is considerably below market. Tire Choice has a base lease term expiration of May 2025 with three (5-year) options with 5 percent rent increases. Due to the low rent, the tenant has very strong probability of renewal. Pinellas Park is the most densely populated county in Florida. There are 3,347 people per square mile in Pinellas County. The next closest county with a highly concentrated population is Broward with 1,445 people per square mile. Tire Choice offers tire sales and service, manufacturer scheduled maintenance, oil changes, brakes, wheel alignments, and automotive repairs at 231 locations in eight states: California, Florida, Louisiana, North Carolina, South Carolina, Tennessee, Pennsylvania, Ohio.

Investment Highlights

  • Tire Choice Automotive Center | Corporate Guarantee | 218+ Locations in 8 States
  • Situated Next to a Busy Publix Supermarket | Exposure to More Than 74,000 Vehicles Per Day
  • Pinellas Park is Located in the Tampa MSA (20 Minute Drive from Downtown Tampa)
  • Florida is a No Income Tax State

Exclusively Listed By

Financing By

Auto Parts

Tire Choice Low Rent Tampa MSA

Listing Price: $1,247,400

Cap Rate
5.00%
Tenant Name
Tire Choice
Years Remaining On Lease
3.7
Gross SF
31,563
Guarantor
Corporate Guarantee
Rentable SF
7,504
Price/Gross SF
$39.52
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.31

Investment Highlights

  • Tire Choice Automotive Center | Corporate Guarantee | 218+ Locations in 8 States
  • Situated Next to a Busy Publix Supermarket | Exposure to More Than 74,000 Vehicles Per Day
  • Pinellas Park is Located in the Tampa MSA (20 Minute Drive from Downtown Tampa)
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this Tire Choice Automotive Center in Pinellas Park, Florida. The subject property consists of a 7,504 square foot freestanding building on a 0.72-acre parcel of land. Situated as an outparcel to a busy Publix Supermarket, this property experiences traffic counts exceeding 74,500 Vehicles Per Day. The tenant, Tire Choice, is paying a very low rent of $8 per square foot which is considerably below market. Tire Choice has a base lease term expiration of May 2025 with three (5-year) options with 5 percent rent increases. Due to the low rent, the tenant has very strong probability of renewal. Pinellas Park is the most densely populated county in Florida. There are 3,347 people per square mile in Pinellas County. The next closest county with a highly concentrated population is Broward with 1,445 people per square mile. Tire Choice offers tire sales and service, manufacturer scheduled maintenance, oil changes, brakes, wheel alignments, and automotive repairs at 231 locations in eight states: California, Florida, Louisiana, North Carolina, South Carolina, Tennessee, Pennsylvania, Ohio.

Exclusively Listed By

Financing By

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