2600 W State Road 434
Longwood, FL 32779
TIRE KINGDOM · Retail Property For Sale

INVESTMENT HIGHLIGHTS: Property Details: Newly retrofitted Tire Kingdom location representing a brand new 10-Year Lease Long Term NNN Lease – Tenant pays for CAM, Taxes, and Insurance allowing for passive ownership in which a Landlord is not burdened by day-to-day responsibilities Excellent Tenant Improvement Package – Over $250,000 in renovations known as “Tenant’s Work” to be conducted on the premises. Healthy 10% Rental Increase Every 5 Years including the scheduled Four (4) Five (5) Option Periods Efficient 8-Bay Store Footprint – Allows tenant to maximize capacity while minimizing fixed costs Retail Trade Area: Robust Traffic Counts – Property is ideally positioned along State Rd. 434 that sees over ± 58,000 VPD. High Population Density: Roughly 200,000 people within a 5-Mile Radius represented by over a 25% growth metric within the immediate one-mile area over the past decade Healthy Average Household Income Profile – Over $80,000 within a 1,3, and 5-mile radius Tenant: Tire Kingdom is an industry-leading tire retailer owned by TBC Corporation that specializes in tire and battery replacement as well as offering a multitude of mechanics services. Proven Track record of corporate success with over 1,200+ locations nationwide Corporate Guaranteed Lease – 100% leased to TBC Corporate one of the nation’s largest vertically integrated marketers of tires for the automotive replacement market