Property History
Mavis Tires & Brakes is one of the largest independent multi-brand tire dealers in the United States with over 850 locations in the United States. At this Bradenton, Florida location, customers are in immediate proximity to a newly constructed Publix-anchored center, the Premier Sports Campus, Lakewood Ranch Golf & Country Club, Lakewood Ranch Medical Center, Interstate-75, and the Sarasota-Bradenton International Airport.
Combining the best of the Sarasota-Bradenton MSA and it’s four million annual visitors, with the strength of the Mavis Tires & Brakes brand, this location is positioned for success. There are over 19 years remaining on the current lease term, and rental increases on multiple renewal option periods through 2052, with population projected to increase substantially, between 20 and 30 percent within five miles over the next five years.
Corporate Guaranteed Newly Constructed Location
Approximately 16+ Years Remaining on Triple-Net (NNN) Lease
5% Percent Rental Increases Every Five Years Throughout the Lease Term and in Option Periods
Located Off State Road 70 With More Than 34,500 Cars Per Day
Rapid Economic and Population Growth: Over 20% - 30% Projected In Next 5 Years
333,000+ Residents within 10-Mile Radius
Large Lot - 1.38 Acres
Part of the Lakewood Ranch Community, Home to Over 30,000 Residents, and Bringing 14,000+ Jobs to the Area
Average Household Income Exceeds $137,000 within 3 Miles
Subject Property Located in Sarasota-Bradenton MSA, with an Average of Four Million Visitors Annually
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Financial History
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