Skip to main content

Auto Service - Gas-Conv

Florida Tire Auto Repair Building

6767 Powerline Rd, Fort Lauderdale, FL 33309

Listing Price: $2,050,000

Cap Rate
7.00%
Tenant Name
Florida Tire Auto Repair
Gross SF
8,936
Guarantor
No Guarantee
Rentable SF
8,936
Price/Gross SF
$229.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.11

Investment Overview

Marcus & Millichap is pleased to present The Florida Tire Auto Repair Building, located at 6767 Powerline Road, just South of McNab Road in Fort Lauderdale, Florida. The 8,936 square foot auto repair shop is situated on .58 acres and conveniently located with easy access to both Florida's Turnpike and I-95. The property is surrounded by many nationally recognized retailers such as 7-Eleven, Planet Fitness, Dollar General, Dunkin Donuts, McDonald's, IHOP, and ,many more. Florida Tire Auto Repair has been operating in this location for over 40 years and will execute a brand new 10 year Triple Net lease at closing with 2% annual increases. This property allows an investor the opportunity to acquire a Triple Net leased asset with a long term lease, annual increases, on a major thoroughfare.

Investment Highlights

  • Brand New 10 Year Triple Net Lease with 2% Annual Increases
  • Well Established Tenant (Operating in this Location Since 1981)
  • No Management Responsibility
  • Great Visibility on Prime Powerline Road(40,000+ VPD)

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Florida Tire Auto Repair Building

Listing Price: $2,050,000

Cap Rate
7.00%
Tenant Name
Florida Tire Auto Repair
Gross SF
8,936
Guarantor
No Guarantee
Rentable SF
8,936
Price/Gross SF
$229.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.11

Investment Highlights

  • Brand New 10 Year Triple Net Lease with 2% Annual Increases
  • Well Established Tenant (Operating in this Location Since 1981)
  • No Management Responsibility
  • Great Visibility on Prime Powerline Road(40,000+ VPD)

Investment Overview

Marcus & Millichap is pleased to present The Florida Tire Auto Repair Building, located at 6767 Powerline Road, just South of McNab Road in Fort Lauderdale, Florida. The 8,936 square foot auto repair shop is situated on .58 acres and conveniently located with easy access to both Florida's Turnpike and I-95. The property is surrounded by many nationally recognized retailers such as 7-Eleven, Planet Fitness, Dollar General, Dunkin Donuts, McDonald's, IHOP, and ,many more. Florida Tire Auto Repair has been operating in this location for over 40 years and will execute a brand new 10 year Triple Net lease at closing with 2% annual increases. This property allows an investor the opportunity to acquire a Triple Net leased asset with a long term lease, annual increases, on a major thoroughfare.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower