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Views: 85 DOM: 138 Updated: 06.03.24 Posted: 05.04.24 Status: Active

Summary

Price $3,666,667
Built/Renov 1993
Tenant Tire Kingdom
Cap Rate 4.63%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 6,240
Lease Start 03-10-1992
#Units 200
Price/SF $587.61
Expiration 08-31-2038
Tenant Type Automotive
NOI $169,950
R. Term 13.11
Ownership Fee Simple
Rent/SF $27.24
Increases 3.0%/1/yrs
Pop 5Mi 201,830
Lot/AC 0.60
Options 0/0yrs
AHHI 5Mi $93,014

Lease Highlights

  • Tire Kingdom has been operating in this location since 1992
  • The tenant has 14+ years remaining on the current lease term
  • The lease features 3% annual rental escalations throughout the initial term
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Tire Kingdom is strategically located on FL-434, with access to 41,000 vehicles passing by daily. The property is adjacent to South Seminole Hospital and situated in the market's primary retail corridor surrounded by well-known national tenants including Subway, Chase, Chipotle, Circle K, Dunkin', and more. The 5-mile trade area is supported by a robust population of 201,830 residents with an...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Tire Kingdom, Inc. is a tire store chain predominantly located in Florida . The private company started with a single location in West Palm Beach, FL (1972). By the end of 1988, they...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,768 75,579 206,208
2023 Total Population : 7,695 74,182 204,940
2023 Employed Civilian Pop : 4,176 41,407 115,415
2023 Total Businesses : 1,105 5,980 12,567
2023 Average Household Income : $ 103,076 $ 96,912 $ 103,602
2023 Total Consumer Spending : $ 245 M $ 2630 M $ 7515 M
2023 Median Age : 47 43 42
2023 Total Households : 2,776 31,319 84,155
2023 Pop Age 25+: Bachelor's Degree : 1,615 14,725 43,707
2023 Average Home Value : $ 367,861 $ 349,441 $ 391,765
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W State Rd 434 Mingo Trl 2012 42,422 0.14 mi
Rangeline Rd W State Rd 434 2012 10,000 0.21 mi
Warren Avenue Lemon Ln 2022 3,400 0.23 mi
W State Rd 434 Harbour Isle Way 2012 28,246 0.35 mi
Rangeline Rd Longwood Club Pl 2012 10,309 0.39 mi
Rangeline Road Wildflower Way 2022 8,000 0.54 mi
W State Rd 434 Rock Lake Rd 2012 41,402 0.56 mi
West State Road 434 N Milwee St 2022 42,000 0.57 mi
Bennett Drive Florida Central 2022 8,500 0.62 mi
Church Avenue Tiberon Cove Rd 2022 2,600 0.63 mi

Listing Broker

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