1485 E Mitchell Hammock Rd | Oviedo, FL 32765
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- LoopNet Team
1485 E Mitchell Hammock Rd
Oviedo, FL 32765
Tire Kingdom Service Centers | Oviedo, FL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Low-rent Tire Kingdom location operated by Mavis Tire Express Services, acquired all retail operations in 2023. Corporately guaranteed by TBC Co.
- Absolute NNN lease with no landlord responsibilities, providing truly passive ownership. An 8% rent increase scheduled for March 2027.
- Surrounded by a strong mix of national retailers within a half-mile, including Publix, Winn-Dixie, Wawa, CVS, Bank of America, and McDonald’s.
- Originally a 20-year lease executed in 2002, Tire Kingdom exercised its renewal option early in 2022, extending the term by 10 years.
- Prime location on Mitchell Hammock Rd with over 32,000 vehicles per day, featuring a 6,655 SF building on a parcel exceeding One Acre.
- Oviedo, FL is among the most affluent cities in both Seminole County and the greater Orlando area, with a median household income exceeding $114,000.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,655 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.04 AC
Zoning
C-1 - C-1 zoning typically allows neighborhood-scale commercial uses like shops, offices, and services with minimal residential impact.
Parking
18 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
95’ on Mitchell Hammock Rd
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 14-21-31-511-0000-0020 | Improvements Assessment | $601,735 |
| Land Assessment | $906,980 | Total Assessment | $1,508,715 |
PROPERTY TAXES
Parcel Number
14-21-31-511-0000-0020
Land Assessment
$906,980
Improvements Assessment
$601,735
Total Assessment
$1,508,715
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