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13778429
13743367

805 FL-434, Longwood, FL 32750

SS
FL FL SL636794
Marcus & Millichap
ER
FL SL3273970
Marcus & Millichap
Listed by Marcus & Millichap
$3,338,889
470 days on market
Updated 82 days ago

Tire Kingdom-NNN With 3% Annual Increases

Details
APN 31-20-30-300-031E-0000
Property Type Retail
Sub Type Auto Shop
Square Footage 6,240
Net Rentable (SqFt) 6,240
Units 1
Cap Rate 5.4%
NOI $180,300
Occupancy 100%
Tenancy Single
Brand/Tenant Tire Kingdom
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/30/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options n/a
Price per SqFt $535
Broker Co-Op Yes
Year Built 1993
Buildings 1
Stories 1
Lot Size (SqFt) 26,334
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/31/2023
Ground Lease No
Ownership Fee Simple

Orlando, FL MSA | Located In Market’s Primary Retail Corridor

Marketing description

Marcus & Millichap is pleased to present the opportunity to invest in a prime commercial property located at 805 FL-434, Longwood, FL, occupied by a national tenant under a long-term lease. The property is tenanted by Tire Kingdom, a leading automotive services provider with a long-standing reputation for excellence. The Tire Kingdom brand is owned and operated by Mavis Tire Express Services Corp, a national tire retailer with more than 2,000 locations. The subject property is on a 26,136 square foot site and features a fully equipped automotive service center.

Investors have the rare chance to acquire a strategically located property in the thriving market of Longwood, Florida. This attractive property lies on FL- 434, a heavily trafficked corridor with over 41,000 vehicles passing by daily. With its prime positioning and high visibility, it offers a strong potential for continued customer inflow.

Longwood is part of the Orlando–Kissimmee–Sanford metropolitan area and stands as an appealing and growing suburban city. Longwood is located approximately 11 miles north of downtown Orlando and enjoys easy access to major highways and transport networks. With the expanding residential and commercial markets of the region, Longwood presents a compelling destination for real estate investments.

This unique investment opportunity combines a prime location in a thriving Florida market, and a strong tenant in Tire Kingdom under a long-term NNN lease with rare annual rent increases.

Investment highlights

  • Absolute Triple Net Lease: Zero Landlord Responsibilities -12+ Yrs Remaining

  • Hedge Against Inflation: Rare 3% Scheduled Annual Rent Increases

  • Excellent Visibility & Access: Frontage On FL-434 – 41,000+ Vehicles Per Day

  • Dense Infill Location: – 72,000+ People in 3 Mile Radius

  • Adjacent to South Seminole Hospital: 206 Bed Medical Facility

  • Major Metro Area: Longwood Is Part of The Orlando – Kissimmee – Sanford Metropolitan Area

  • Affluent Surrounding Neighborhood: $91,400 Average Household Income Within a 3 Mile Radius

Listing Contacts

SS
FL FL SL636794
Marcus & Millichap
ER
FL SL3273970
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,300.00
$15,025.00/mo

Valuation Metrics

0
DSCR
5.4%
Cap Rate
5.4%
ROI

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Additional Information

Name
Ryan Nee
License
FL 3154667
Title
Broker of Record
Name
Scott Sandelin
License
FL SL636794
Brokerage Address
2916 N Miami Ave
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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