16505 FishHawk Blvd - Auto Repair FOR SALE
Lithia, FL 33547 |
$3,461,113 USD
858-442-7298
16505 FishHawk Blvd
Lithia, FL 33547
HIGHLIGHTS
- The lease is guaranteed by Monro, Inc. (NASDAQ: MNRO), a publicly traded, national automotive service and tire retailer.
- With ~8 years remaining on the current 10-year term, plus 1, 5-year renewal option.
- Built-in rent increases of ~8% at year 5 and year 9 of the term.
- Property is strategically located adjacent to a busy Publix-anchored shopping center, benefiting from strong co-tenancy and consistent daily traffic.
- Brand new Chipotle development currently under construction directly in front of the property and Newer HTeaO next door.
- Average household income exceeding $175,000 within a 1-mile radius and $159,616 within a 3-mile radius.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 6,108 SF Tire Choice, strategically located at 16505 FishHawk Boulevard in Lithia, FL. This offering presents investors with a compelling opportunity featuring an Absolute Triple Net (NNN) Lease with zero landlord responsibilities, providing a highly passive investment structure. The lease has ~8 years remaining on the current 10-year term, along with 1, 5-year renewal option, offering long-term income stability and additional upside potential.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$3,461,113 USD
PRICE/SF
$567 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tire Choice - Lithia, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.87 AC
LAND SF
37,897 SF
ZONING
PD
APN/PARCEL ID
U-21-30-21-98G-000000-00005.0
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858-442-7298
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858-442-7298
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