Property Description
VUE Realty is pleased to present the opportunity to acquire a net-leased Tire Kingdom property in the growing Tampa Bay/Sarasota corridor. The property is occupied by Tire Kingdom, operated by Mavis Tire Express Services Corp., one of the nation's largest independent tire and automotive service providers with over 2,000 locations nationwide.Strategically positioned along a major commercial corridor in Palmetto, Florida, this established automotive service center benefits from excellent visibility, strong traffic counts, and a proven operating history serving the surrounding residential and commercial market.The property is offered with a Triple Net (NNN) lease structure, providing investors with passive income and limited landlord responsibilities. Current annual NOI is approximately $95,166 with approximately four years remaining on the existing lease term plus two (2) five-year renewal options.Palmetto continues to experience significant growth driven by its proximity to Sarasota, St. Petersburg, Tampa, Lakewood Ranch, and major employment centers. Continued residential and commercial development supports long-term demand and strengthens the property's investment fundamentals.Investment highlights include a nationally recognized tenant, predictable cash flow, strong visibility, essential-service retail use, long-term occupancy history, future lease extension options, and location within one of Florida's fastest-growing markets. An excellent opportunity for investors seeking stable income backed by a well-established automotive retail location.Annual NOI: Approx. $95,166Lease Type: Triple Net (NNN)Tenant: Tire Kingdom / Mavis Tire Express Services Corp.Lease Term: Approx. 4 Years Remaining + Two 5-Year OptionsAnnual NOI approximately $95,166. Approximately four years remaining on current lease term plus two (2) five-year renewal options. National tenant with established operating history. Excellent visibility, strong traffic counts, and strategic location within the Tampa Bay/Sarasota growth corridor.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: VUE REALTY, LLC
Agency Contact: 941-269-8400
Shown By
Agent Name: Laura Brannen
Agent Phone: (904) 422-5735
Agency Title: Watson Realty Corp., REALTORS ®
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1429 10th Street E | MLS# A4694210
This commercial property located at 1429 10th Street E, Palmetto, FL 34221 is currently listed for sale with an asking price of $1,600,000. Search Palmetto real estate on www.laurabrannen.com today.