Tire Kingdom Winter Park, FL
Property Price: $2,709,090
Property Status: Under Contract
Property Type: Retail
Cap Rate: 5.50%
Lease Type: Fee Simple
Tenant Type: Single Tenant
Building Size: 7,000 SF
Land Area: 0.93 ACRES
Remaining Term: 10 Years
Marcus & Millichap is pleased to present this Tire Kingdom, a triple
net single-tenant investment offering, located at 2701 Lee Road,
Winter Park, Florida (Orlando MSA). The subject property consists
of two automotive buildings consisting of 2,436 square feet and
3,552 square feet under one lease. TBC Retail Group, Inc. leases the
properties under a 10- year triple net lease which provides attractive
ten percent increases every five years in the base term as well as in
the four (five year) option periods.
The tenant is TBC Retail Group, Inc., which is a subsidiary of TBC
Corporation. The TBC Retail Group includes Tire Kingdom, NTB,
Merchants Tire and Auto Centers and Big O Tire stores. Together,
there are more than 1,200 locations in 41 states, plus Washington
DC, Alberta & British Columbia, Canada. There are approximately 215
Tire Kingdom stores in Florida.
The property is located at the hard corner signalized intersection of US
92 and Wynmore Road with traffic counts exceeding 50,000 Vehicles
Per Day and Directly off the I-4 Interchange with direct visibility to
over 165,000 Vehicles Per Day (I-4 Highway Traffic). Retailers in the
immediate vicinity include Fields BMW Dealership, The Home Depot,
Denny’s, Chevron, Walmart Market, McDonald’s and numerous others.
View Offer Memorandum
You are required to provide the following information to download the Offer Memorandum.