Corporate Tire Kingdom Price Location 6602 Gunn Hwy 6,960 SF Retail Building Tampa, FL 33625 $3,738,000 ($537.07/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

Long term lease—12.7 Years remaining
Absolute NNN Lease - Zero Landlord Responsibilities
Rent Bumps Every 5 years based on the CPI

Corporately Guaranteed NNN Lease—U.S. parent company guar antee from TBC Corporation plus a guarantee from Sumitomo of America, the parent of TBC Co
Strong Demographics with 223,570+ population in a 5 mile radi us, and a $84,937 Average Household Income in a 5 mile radius
Dense Residential area with over 10,000 population in a 1 Mile Radius and located 1 mile from Citrus Park Mall

EXECUTIVE SUMMARY

Triple Net Investment Group is proud to present the Tire Kingdom located on 6602 Gunn Highway, Tampa, FL. The tenant Tire Kingdom initially signed a 25 year NNN lease which commenced on December 2012, leaving over 12.7 years remaining on the lease. The Tire Kingdom property is situated on a lot size of 1.19 Acres and has a building size of 6,922 Sq ft. This location features strong demographics with an estimate of 223,570 population, 89,604 Household count, and an Average Household income of $84,937 - all in a 5 mile radius. The lease is Guaranteed by Tire Kingdom with a U.S. parent company TBC Corporation plus a guarantee from Sumitomo of America, the parent of TBC Corporation.
In association with FL Broker of records: Andrew Knight of New England Commercial

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PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Auto Repair

Building Size

6,960 SF

Building Class

Year Built

2013

Price

$3,738,000

Price Per SF

$537.07

Cap Rate

NOI

$186,900

Tenancy

Single

Building Height

1 Story

Building FAR

0.13

Lot Size

1.19 AC

Zoning

Pylon Sign

Signage

Air Conditioning

MAJOR TENANTS

Retailer
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Triple Net
Dec 2037

Tire Kingdom is a subsidiary of TBC Retail Group that is headquartered in Juno Beach, Florida and operates company-owned stores under the brands: Tire Kingdom, NTB - National Tire and Battery, and Merchant's Tire and Auto Centers. They strive to be a go-to resource for your car’s health. With a huge range of tires and quality products at the guaranteed lowest price, combined with fast, hassle-free service, their bumper-to-bumper auto care is all you need, every time. Whenever your vehicle requires service or repair, you can trust their highly qualified technicians to get you back on the road.