Bridgewater Commercial Real Estate is excited to offer this 8-bay automotive services property, owned by McGee Tire Stores. It is leased to Monro Muffler Brake from May 1, 2016, to June 30, 2026, and subleased to EMG Motor Sport, Inc. since December 1, 2023. Monro has indicated they may terminate the lease with 30 days’ notice, which would also end the sublease. The building will be delivered vacant, without furniture or equipment, though some equipment might be available for purchase. There is an additional +/- 1,500 SF of mezzanine storage space with a concrete floor bringing the total space to around 6,200 SF. There are no underground lifts, oil-water separators, or underground tanks reported. The lease is a modified NNN, with the Landlord responsible only for the building’s exterior, structure, foundation, and roof.
The property features a large pylon sign and a monument sign via an easement in front of the adjacent Bob Evans restaurant off US 19, offering great visibility with 52,000 daily vehicles on US 19 North. It is accessible to both north and southbound US 19 traffic via Salt Springs Road.
Adjacent to the Gulfview Square Mall, the site of a former Sears is under permitting for a high-end apartment complex. The neighboring complex will include 280 units across three 4-story buildings, a clubhouse with a pool, and a small dog park, marking the second major apartment project at Gulf View Square Mall after Gables at Gulf View (384 units) opened in 2020. Port Richey is growing at a 3.7% annual rate, per worldpopulationreview.com, with 165,868 residents within a 15-minute drive, according to ERIS. Zoned C2, the property supports all C1 uses, as well as various retail, contractor, warehousing, repair shop, and other uses.
This property is ideal for an owner/user or an investor looking to negotiate a new lease with the subtenant or attract a new tenant.