5865 State Road 7 - Service Station FOR SALE


Lake Worth, FL 33449- Outer Royal Palm Beach/Wellington
$2,850,000 USD
781-776-4550
5865 State Road 7, Lake Worth, FL for Sale
$2,850,000 USD
Service Station - FOR SALE
1/7
null | 6.45% Cap Rate


HIGHLIGHTS

  • Lease Term
  • Attractive Rent Increase
  • Corporate Guaranty
  • Minimal Landlord Responsibilities
  • Strategic Location
  • Naval Air Station Patuxent River

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property leased to Tire Choice located at 5865 S State Road 7 in Lake Worth, Florida (the “Property”). The Property consists of a 6,620 square foot building on a 0.97-acre parcel. Tire Choice has just exercised their first renewal option, demonstrating their commitment to the site and the market. Tire Choice has 5+ years remaining on their lease with three (3), 5-year options. The lease features a corporate guarantee from Monro Inc. and calls for attractive rent increases at the start of all three renewal option periods. Tire Choice is situated within a shopping center at the signalized intersection of S State Road 7 (US-441) and Lake Worth Road (FL-802). This prime corner location offers excellent visibility and access from both major thoroughfares. The Property is directly across the street from a Target and is surrounded by a variety of national retailers and local businesses, enhancing its appeal to a broad customer base. Additionally, the site benefits from proximity to the Historic Old Town Commercial District, a vibrant area known for its eclectic mix of shops and cultural attractions. Tire Choice's strategic positioning within this dynamic retail corridor ensures consistent traffic and accessibility for customers.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$371 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Tire Choice

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,157 SF

ZONING

MUPD

APN/PARCEL ID

00-41-44-36-07-000-0024

ASK ABOUT THIS PROPERTY

Sydney FormanHorvath & TremblayMore Info
781-776-4550

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Sydney FormanHorvath & TremblayMore Info
781-776-4550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.