Discount Tire Ground Lease | Tampa MSA
New 15-Year Abs NNN Ground Lease | 44,000+ Vehicles Per Day
Marketing description
Cushman & Wakefield is pleased to present a rare investment opportunity to acquire a brand-new 15-year absolute NNN ground lease to Discount Tire, a leading independent retailer of tires, wheels, and windshield wipers. This premier retail location sits along State Route 50/Cortez Boulevard in Brooksville, Florida, within the greater Tampa MSA, offering high visibility and exceptional accessibility with 44,000 vehicles per day.
The absolute NNN ground lease structure provides a fully passive investment, with the tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot. The lease features 10% rental increases every five years through the initial 15-year term and seven (7) five-year options, delivering steady growth and escalating returns over time.
Located at the entrance to the Brookridge Retirement Community, a large 55+ age-restricted neighborhood with approximately 4,800 residents, the property benefits from a strong demographic base of 75,269 residents within five miles, with an average annual household income of $85,290. The site is surrounded by a robust mix of national and local retailers including Walmart Supercenter, Sam's Club, Michaels, Petco, Hobby Lobby, Belk, Chick-fil-A, and many more.
Discount Tire serves customers at more than 1,200 stores in 39 states, employs over 30,000 people, and generates revenue exceeding $9.5B annually. This brand-new 2026 construction is built to Discount Tire's latest prototype, featuring a streamlined layout that minimizes upkeep while maximizing service speed.
Investment highlights
- New 15-year absolute NNN ground lease to Discount Tire, a leading independent retailer of tires, wheels, and windshield wipers.
- 10% rental increases every five years deliver steady growth through the initial term and seven (7) five-year options.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Discount Tire serves customers at more than 1,200 stores in 39 states.
- In November of 2024 Discount Tire pulled back the curtain on a multi-year effort to develop and upgrade Treadwell Research Park, the company's world-class tire testing and research and development center.
- Discount Tire employs over 30,000 people and generates revenue exceeding $9.5B annually.
- Highly visible and easily accessible location along State Route 50/Cortez Boulevard, which experiences a high traffic count of 44,000 AADT.
- Beneficial proximity to State Route 589, seeing over 16,000 vehicles per day near the site and leading directly to Downtown Tampa.
- Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Sam's Club, Michaels, Petco, Hobby Lobby, Belk, Chick-fil-A, and many more.
- Located at the entrance to the Brookridge Retirement Community, a large 55+ age-restricted neighborhood in Florida with approximately 4,800 residents.
- 75,269 residents live within five miles of the property, marking a 22% increase since 2010.
- High average annual household income of $85,290 within a five-mile radius of the site.
- Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Discount Tire and Brooksville for steady concurrent growth.
- Brand-new 2026 construction tailored to Discount Tire's specific operations.
- Streamlined layout minimizes upkeep while maximizing service speed, aligning with consumer demand for convenience.
- 1.00-acre parcel ensures efficient parking and smooth customer access, fitting Brooksville's fast-paced demographic.
- Florida is an income tax-free state.
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