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30877679
30877678

15209 Garnet Trl, Bradenton, FL 34211 For Sale

KP
CA 01949749
Matthews
CK
CA 01911198
Matthews
MT
NY 10401388321
Matthews
Listed by Matthews
$4,920,000
134 days on market
Updated 54 days ago

Mavis Tire & Brakes

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 8,820
Cap Rate 5.51%
NOI $271,215
Tenancy Single
Brand/Tenant Mavis Discount Tires
Lease Type Absolute NNN
Lease Term 21
Lease Expiration 12/01/2042
Remaining Term 16.4
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 2022
Acreage 1.380
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2021
Ground Lease No
Ownership Fee Simple

Prime Tampa Florida Retail | Explosive Population Growth

Marketing description

Property Highlights

  • Long-Term Absolute NNN Lease – 16+ Years Remaining – Initial term extends through December 2042, offering stable, predictable long-term cash flow.

  • Structured Rent Increases – Attractive 5% rental escalations every five years throughout the base term and option periods, providing built-in income growth and inflation protection.

  • Strong National Operator – Mavis Tires & Brakes operates 3,500+ locations across 21 states and generates approximately $1.79 billion in annual revenue, positioning the company as one of the largest independent tire and service providers in the U.S.

  • New 2022 Construction – Modern ±8,820-square-foot auto service facility situated on a ±1.38-acre parcel, designed to meet current operational standards and minimize near-term capital expenditures.

  • High-Traffic Corridor Location – Strategically positioned along State Route 70 (±15,100 VPD) with immediate access to Interstate 75 (±133,000 VPD), providing exceptional visibility and accessibility.

  • Explosive Population Growth – The surrounding five-mile radius is projected to experience 20–30% population growth over the next five years, driving sustained consumer demand.

  • Affluent Demographics – Average household income exceeds $185,084 within a three-mile radius, supporting strong retail fundamentals.

  • Premier Lakewood Ranch Location – Located within Lakewood Ranch, one of Florida’s fastest-growing and most desirable master-planned communities.

Investment highlights

Property Highlights

  • Long-Term Absolute NNN Lease – 16+ Years Remaining – Initial term extends through December 2042, offering stable, predictable long-term cash flow.

  • Structured Rent Increases – Attractive 5% rental escalations every five years throughout the base term and option periods, providing built-in income growth and inflation protection.

  • Strong National Operator – Mavis Tires & Brakes operates 3,500+ locations across 21 states and generates approximately $1.79 billion in annual revenue, positioning the company as one of the largest independent tire and service providers in the U.S.

  • New 2022 Construction – Modern ±8,820-square-foot auto service facility situated on a ±1.38-acre parcel, designed to meet current operational standards and minimize near-term capital expenditures.

  • High-Traffic Corridor Location – Strategically positioned along State Route 70 (±15,100 VPD) with immediate access to Interstate 75 (±133,000 VPD), providing exceptional visibility and accessibility.

  • Explosive Population Growth – The surrounding five-mile radius is projected to experience 20–30% population growth over the next five years, driving sustained consumer demand.

  • Affluent Demographics – Average household income exceeds $185,084 within a three-mile radius, supporting strong retail fundamentals.

  • Premier Lakewood Ranch Location – Located within Lakewood Ranch, one of Florida’s fastest-growing and most desirable master-planned communities.

Listing Contacts

KP
CA 01949749
Matthews
CK
CA 01911198
Matthews
MT
NY 10401388321
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$271,215.00
$22,601.25/mo

Valuation Metrics

0
DSCR
5.51%
Cap Rate
5.51%
ROI

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Additional Information

Name
Kyle Matthews
License
BK3554632, CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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