Tire Choice

Listed for $1,610,000 yielding a cap rate of 5.40%.
HIGH UPSIDE — value-add potential below-market rent, no options remaining, short-term lease. Buyer can increase value by increasing rents to market at lease maturity.
Pro-Forma ±9.76% Cap Rate at market rents. Current rent is ±$15.49/SF **Contact agent for more information.
Corporate Guaranty — Monro is one of the leading automotive service and tire dealers in the nation. Over 1,100 auto repair shops and tire dealers in 32 states, with 16 highly respected tire and auto service brands.
Tampa Bay MSA — ±115k population in a 3-mi radius and ±3.42 million in total. It is the 17th largest in the national and 2nd in Florida.
Larger Parcel of ±0.71 AC allows for flexible future uses.
Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule **Consult your tax or accounting professional for more information.
Ecommerce & Recession-Proof Investment – Quick lube sector is not heavily affected by changes in the economy.
High Performing Location — foot traffic ranks in 70th percentile nationally compared to Tire Choice locations (AlphaMap).
Abs. NNN Lease with zero responsibilities.
Income Tax-Free State of Florida.

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