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Auto Parts

Tire Kingdom

3551 13th St, St. Cloud, FL 34769

Listing Price: $4,105,000

Cap Rate
5.25%
Tenant Name
TBC Corporation
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
5,308
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.60

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Tire Kingdom in St. Cloud, Florida – part of the Orlando metro area. This is a long-term, triple net lease with a corporate guaranty and over 11 years remaining on the base term. This lease offers three, five-year tenant renewal options with rent increases every five years throughout the base term and option periods. The rent increases are based on Consumer Price Index – see OM regarding calculation. The land also includes a storage building which contains approximately 1,370 square feet, as well as additional paved parking. This Tire Kingdom is a half mile from Orlando Health St. Cloud Hospital, a 489-bed hospital, with 4,200 physicians across 16 hospitals and emergency departments serving the Orlando metro. The Property is on 13th Street/Irlo Bronson Memorial Hwy, a major thoroughfare with more than 48,000 vehicles daily. Surrounding national retailers in the area include Walmart Supercenter, The Home Depot, Publix, Aldi, Old Navy, Marshalls, PetSmart, Hobby Lobby, Big Lots, Planet Fitness, Staples, Ross, Outback Steakhouse, Chili’s, Chipotle, Starbucks, Chick-fil-A and many more. St. Cloud, Florida is part of the Orlando metro area, one of the largest and fastest growing areas in Florida with a population of more than 2.4 million residents. Orlando is also “the theme park capital of the world” and the no. 1 family vacation destination. The Subject Property is 18 miles from SeaWorld Orlando, and 22 miles from Walt Disney World and Universal Studios Florida, Islands of Adventure, and Universal’s Volcano Bay.

Investment Highlights

  • Long-Term, Triple Net (NNN) Lease With Corporate Guaranty | Over 11 Years Remaining on Base Term with Three, Five-Year Tenant Renewal Options
  • Rent Increases Every Five Years Throughout Base Term and Option Periods Based on Consumer Price Index
  • Land Also Includes a Storage Building Which Contains Approx. 1,370 Square Feet, as Well as Additional Paved Parking
  • Located on Irlo Bronson Memorial Hwy / 13th Street With More Than 48,000 Vehicles Daily | Off Florida's Turnpike, a Major Thoroughfare Running Through the State With 62,000 Vehicles Daily
  • Orlando Metro has a Population of More Than 2.4 Million Residents | Orlando is the Theme Park Capital of the World and the No. 1 Family Vacation Destination
  • Surrounding National Retailers Include Walmart Supercenter, The Home Depot, Publix, Aldi, Old Navy, Marshalls, PetSmart, Hobby Lobby, Big Lots, Planet Fitness, Staples, Ross, Outback Steakhouse, Chili's, Chipotle, Starbucks, Chick-fil A, McDonald's, 7-Eleven, Bank of America, Verizon and Many More

Exclusively Listed By

Auto Parts

Tire Kingdom

Listing Price: $4,105,000

Cap Rate
5.25%
Tenant Name
TBC Corporation
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
5,308
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.60

Investment Highlights

  • Long-Term, Triple Net (NNN) Lease With Corporate Guaranty | Over 11 Years Remaining on Base Term with Three, Five-Year Tenant Renewal Options
  • Rent Increases Every Five Years Throughout Base Term and Option Periods Based on Consumer Price Index
  • Land Also Includes a Storage Building Which Contains Approx. 1,370 Square Feet, as Well as Additional Paved Parking
  • Located on Irlo Bronson Memorial Hwy / 13th Street With More Than 48,000 Vehicles Daily | Off Florida's Turnpike, a Major Thoroughfare Running Through the State With 62,000 Vehicles Daily
  • Orlando Metro has a Population of More Than 2.4 Million Residents | Orlando is the Theme Park Capital of the World and the No. 1 Family Vacation Destination
  • Surrounding National Retailers Include Walmart Supercenter, The Home Depot, Publix, Aldi, Old Navy, Marshalls, PetSmart, Hobby Lobby, Big Lots, Planet Fitness, Staples, Ross, Outback Steakhouse, Chili's, Chipotle, Starbucks, Chick-fil A, McDonald's, 7-Eleven, Bank of America, Verizon and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Tire Kingdom in St. Cloud, Florida – part of the Orlando metro area. This is a long-term, triple net lease with a corporate guaranty and over 11 years remaining on the base term. This lease offers three, five-year tenant renewal options with rent increases every five years throughout the base term and option periods. The rent increases are based on Consumer Price Index – see OM regarding calculation. The land also includes a storage building which contains approximately 1,370 square feet, as well as additional paved parking. This Tire Kingdom is a half mile from Orlando Health St. Cloud Hospital, a 489-bed hospital, with 4,200 physicians across 16 hospitals and emergency departments serving the Orlando metro. The Property is on 13th Street/Irlo Bronson Memorial Hwy, a major thoroughfare with more than 48,000 vehicles daily. Surrounding national retailers in the area include Walmart Supercenter, The Home Depot, Publix, Aldi, Old Navy, Marshalls, PetSmart, Hobby Lobby, Big Lots, Planet Fitness, Staples, Ross, Outback Steakhouse, Chili’s, Chipotle, Starbucks, Chick-fil-A and many more. St. Cloud, Florida is part of the Orlando metro area, one of the largest and fastest growing areas in Florida with a population of more than 2.4 million residents. Orlando is also “the theme park capital of the world” and the no. 1 family vacation destination. The Subject Property is 18 miles from SeaWorld Orlando, and 22 miles from Walt Disney World and Universal Studios Florida, Islands of Adventure, and Universal’s Volcano Bay.

Exclusively Listed By

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