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… Read More 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. $95,166
Lease Type: Triple Net (NNN)
Tenant: Tire Kingdom / Mavis Tire Express Services Corp.
Lease Term: Approx. 4 Years Remaining + Two 5-Year Options
Annual 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. Read Less
Courtesy of VUE REALTY, LLC 941-269-8400
Listing Snapshot
Days Online
7
Last Updated
Property Type
Business
Square Ft.
8,400
Lot Size
0.78 Acres
Year Built
1987
MLS Number
A4694210
Additional Details
Property Access
Frontage Type: City Street, Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Building
Built in 1987, Living area: 8400, Living area units: Square Feet, Building faces North, Construction Materials: Block
Cooling
Central Air
Accessibility Features
Accessible Common Area, Accessible Entrance
Foundation
Slab
Income
Net Operating Income: $95,166, Parking
Lot
0.78 acres, Dimensions: 169x201, City Limits, Landscaped, Near Public Transit, Street Lights, Paved
Security Features
Secured Garage/Parking
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 2608400004, Public Survey Range: 17E, Public Survey Section: 13, Annual Amount: $21,809.1, Legal Description: COM AT THE NE COR OF THE SE1/4 OF SEC 13, TH S 53.02 FT TO THE NE COR OF LOT 1, OF SD SUNKIST ACRES SUB, SD PT BEING ON THE S R/W LN OF U S 301; TH W ALG SD R/W, 190.0 FT FOR A POB; TH S 201.82 FT ALG THE W R/W LN OF 15TH AVE DR; TH S 89 DEG 30 MIN W , 169.0 FT, TH N 201.65 FT TO A PT ON SD R/W OF U S 301; TH ELY ALG SD R/W 169.05 FT TO THE POB P-60 PI#26084.0000/4, Lot: 1, Year: 2025, Zoning: C1A
Utilities
Public, Water Connected, Water Source: Public
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