Tire Choice Auto Service Centers

12831 Trade Center Drive, Bonita Springs, FL 34135

$3,725,000

Cap Rate 6.24%

Views: 106 DOM: 219 Updated: 11.25.24 Posted: 05.21.24 Status: Active

Summary

Price $3,725,000	Built/Renov 2006	Tenant Tire Choice Auto Service Centers
Cap Rate 6.24%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 6,165	Lease Start 05-01-2022	#Units 356
Price/SF $604.22	Expiration 04-30-2032	Tenant Type Automotive
NOI $232,425	R. Term 7.4	Ownership Fee Simple
Rent/SF $37.70	Increases 10.0%/8/yrs	Pop 5Mi 92,529
Lot/AC 0.96	Options 3/5yrs/10%	AHHI 5Mi $133,650

Lease Highlights

Tire Choice Auto Service Centers has been operating in this location since 2005
The tenant has 7+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed Lease

Location Description

Tire Choice Auto Service Centers is strategically located on Bonita Beach Road Southeast, offering access to 43,000 vehicles passing by daily. The property is conveniently situated directly off I-75 (90,000 VPD), providing direct on/off ramp access. Additionally, it functions as an outparcel at Bonita Grande Crossing, a shopping center anchored by a high-performing Publix. The site is near...

...

Key Features

Build to suit
In location for years
Near major nationals
Shopping Ctr out-parcel
Freeway close
Strong demographics
Income tax free state
Long operation history
Absolute NNN
Corporate Guarantee

...

Links

Tire Choice Auto Service Centers Wikipedia Tire Choice Wikipedia Bonita Springs, Florida Zip Code 34135 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tire Choice Auto Service Centers
Guarantor:Corp Traded
Company:Monro, Inc.
# Units:356
Stock: NASDAQ: MNRO

About Tenant

Tire Choice Auto Service Centers is a brand of retail tire and automotive service stores. At Tire Choice Auto Service Centers, they offer a comprehensive range of auto repair services to keep...

...

Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	2,662	39,416	93,890
2024 Total Population :	2,349	37,464	91,149
2024 Employed Civilian Pop :	683	16,765	37,315
2024 Total Businesses :	140	1,273	4,506
2024 Average Household Income :	$ 148,467	$ 130,062	$ 140,805
2024 Total Consumer Spending :	$ 142 M	$ 1794 M	$ 5090 M
2024 Median Age :	69	57	61
2024 Total Households :	1,091	15,789	41,583
2024 Pop Age 25+: Bachelor's Degree :	566	7,708	21,448
2024 Average Home Value :	$ 670,026	$ 686,208	$ 700,898

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Bonita Grande Dr	Trade WayFour	2001	3,400	0.21 mi
Bonita Grande Dr	Snell Ln	2001	3,900	0.28 mi
Bonita Beach Rd SE	Boondock Rd	2001	9,900	0.43 mi
	I- 75	2022	11,000	0.48 mi
	Kent Rd	2022	11,500	0.54 mi
	Bonita Beach Rd	2022	11,500	0.56 mi
	Orr Rd	2022	11,500	0.62 mi
Bonita Beach Rd SE	Quails Nest Ln	2001	26,800	0.69 mi
Bonita Beach Road Southeast	Bonita Beach Rd	2022	39,000	0.86 mi
Imperial Parkway	Imperial Pkwy	2022	21,500	1.30 mi

Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
31138 Views
93 Sold

William Wamble

SRS National Net Lease Group

Contact

186 Listings
24164 Views
49 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

...

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT