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Auto Parts

Tire Kingdom - NNN with 3% Annual Increases

805 FL-434, Longwood, FL 32750

Listing Price: $3,666,667

Cap Rate
4.64%
Tenant Name
Tire Kingdom
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
6,240
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.24

Investment Overview

Marcus & Millichap is pleased to present the opportunity to invest in a prime commercial property located at 805 FL-434, Longwood, FL, occupied by a national tenant under a long-term lease. The property is tenanted by Tire Kingdom, a leading automotive services provider with a long-standing reputation for excellence. The Tire Kingdom brand is owned and operated by Mavis Tire Express Services Corp, a national tire retailer with more than 2,000 locations. The subject property is on a 26,136 square foot site and features a fully equipped automotive service center.

Investors have the rare chance to acquire a strategically located property in the thriving market of Longwood, Florida. This attractive property lies on FL- 434, a heavily trafficked corridor with over 41,000 vehicles passing by daily. With its prime positioning and high visibility, it offers a strong potential for continued customer inflow.

Longwood is part of the Orlando–Kissimmee–Sanford metropolitan area and stands as an appealing and growing suburban city. Longwood is located approximately 11 miles north of downtown Orlando and enjoys easy access to major highways and transport networks. With the expanding residential and commercial markets of the region, Longwood presents a compelling destination for real estate investments.

This unique investment opportunity combines a prime location in a thriving Florida market, and a strong tenant in Tire Kingdom under a long-term NNN lease with rare annual rent increases.

Investment Highlights

  • 15 Year Absolute Triple Net Lease
  • Rare 3% Scheduled Annual Rent Increases – Hedge Against Inflation
  • Adjacent To South Seminole Hospital – 206 Bed Medical Facility
  • Major Metro Area – Longwood Is Part Of The Orlando – Kissimmee – Sanford Metropolitan Area
  • Dense Infill Location – 72,000+ People In 3 Mile Radius
  • Located In Market's Primary Retail Corridor
  • Frontage On FL-434 – 41,000+ Vehicles Per Day
  • Affluent Surrounding Neighborhood – $91,400 Average Household Income Within A 3 Mile Radius

Exclusively Listed By

Financing By

Auto Parts

Tire Kingdom - NNN with 3% Annual Increases

Listing Price: $3,666,667

Cap Rate
4.64%
Tenant Name
Tire Kingdom
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
6,240
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.24

Investment Highlights

  • 15 Year Absolute Triple Net Lease
  • Rare 3% Scheduled Annual Rent Increases – Hedge Against Inflation
  • Adjacent To South Seminole Hospital – 206 Bed Medical Facility
  • Major Metro Area – Longwood Is Part Of The Orlando – Kissimmee – Sanford Metropolitan Area
  • Dense Infill Location – 72,000+ People In 3 Mile Radius
  • Located In Market's Primary Retail Corridor
  • Frontage On FL-434 – 41,000+ Vehicles Per Day
  • Affluent Surrounding Neighborhood – $91,400 Average Household Income Within A 3 Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to invest in a prime commercial property located at 805 FL-434, Longwood, FL, occupied by a national tenant under a long-term lease. The property is tenanted by Tire Kingdom, a leading automotive services provider with a long-standing reputation for excellence. The Tire Kingdom brand is owned and operated by Mavis Tire Express Services Corp, a national tire retailer with more than 2,000 locations. The subject property is on a 26,136 square foot site and features a fully equipped automotive service center. Investors have the rare chance to acquire a strategically located property in the thriving market of Longwood, Florida. This attractive property lies on FL- 434, a heavily trafficked corridor with over 41,000 vehicles passing by daily. With its prime positioning and high visibility, it offers a strong potential for continued customer inflow. Longwood is part of the Orlando–Kissimmee–Sanford metropolitan area and stands as an appealing and growing suburban city. Longwood is located approximately 11 miles north of downtown Orlando and enjoys easy access to major highways and transport networks. With the expanding residential and commercial markets of the region, Longwood presents a compelling destination for real estate investments. This unique investment opportunity combines a prime location in a thriving Florida market, and a strong tenant in Tire Kingdom under a long-term NNN lease with rare annual rent increases.

Exclusively Listed By

Financing By

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