1429 10TH ST E, PALMETTO, FL, 34221
$1,600,000
Commercial Sale
Living Area
8,400 Sqft
Lot Size
33,968 Sqft
VUE Realty is pleased to present the opportunity to acquire a net-leased Tire Kingdom property in the growing Tampa Bay/Sarasota corridor. The property is occupied by Tire Kingdom, operated by Mavis Tire Express Services Corp., one of the nation’s largest independent tire and automotive service providers with over 2,000 locations nationwide. Strategically positioned along a major commercial corridor in Palmetto, Florida, this established automotive service center benefits from excellent visibility, strong traffic counts, and a proven operating history serving the surrounding residential and commercial market. The property is offered with a Triple Net (NNN) lease structure, providing investors with passive income and limited landlord responsibilities. Current annual NOI is approximately $95,166 with approximately four years remaining on the existing lease term plus two (2) five-year renewal options. Palmetto continues to experience significant growth driven by its proximity to Sarasota, St. Petersburg, Tampa, Lakewood Ranch, and major employment centers. Continued residential and commercial development supports long-term demand and strengthens the property’s investment fundamentals. Investment highlights include a nationally recognized tenant, predictable cash flow, strong visibility, essential-service retail use, long-term occupancy history, future lease extension options, and location within one of Florida’s fastest-growing markets. An excellent opportunity for investors seeking stable income backed by a well-established automotive retail location. Annual NOI: Approx. $95,166 Lease Type: Triple Net (NNN) Tenant: Tire Kingdom / Mavis Tire Express Services Corp. Lease Term: Approx. 4 Years Remaining + Two 5-Year Options Annual NOI approximately $95,166. Approximately four years remaining on current lease term plus two (2) five-year renewal options. National tenant with established operating history. Excellent visibility, strong traffic counts, and strategic location within the Tampa Bay/Sarasota growth corridor.
Property Details
Property Features Property Features
MLS ID: MFRA4694210 Year Built: 1987
Construction Materials: Block Cooling: Central Air
Country: US County Or Parish: Manatee
Direction Faces: North Foundation Details: Slab
Income Includes: Parking Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Commercial Financing Property Sub Type: Business
Property Type: Commercial Sale Road Frontage Type: City Street
Road Surface Type: Asphalt Showing Requirements: 24 Hour Notice, Appointment Only, Call Before Showing, Call Listing Agent, Contact Call Center
Special Listing Conditions: None Standard Status: Active
State Or Province: FL
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