Tire Kingdom - 1485 E. Mitchell Hammock Road

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List Price
$2,482,609
Cap Rate
5.75%
PPSF
Lot Size
45,302
Key Highlights
Low-rent Tire Kingdom location operated by Mavis Tire Express Services, which acquired all retail operations in 2023. The lease is corporately guaranteed by TBC Corporation, one of the largest tire distributors in North America, jointly owned by industry leaders Sumitomo Corporation of America and Michelin North America.
Originally a 20-year lease executed in 2002, Tire Kingdom exercised its renewal option early in 2022, extending the term by 10 years—demonstrating strong performance and long-term commitment to this location.
Absolute NNN lease with no landlord responsibilities, providing truly passive ownership. An 8% rent increase scheduled for March 2027 will elevate the projected yield to over 6.2%. Tire Kingdom currently pays approximately $21 per square foot—well below the Florida market average of $27.50 per square foot—offering strong future upside potential.
Prime location on Mitchell Hammock Rd with over 32,000 vehicles per day, featuring a 6,655 SF building on a parcel exceeding One Acre. Surrounded by a strong mix of national retailers within a half-mile, including Publix, Winn-Dixie, Wawa, CVS, Bank of America, and McDonald’s.
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Tire Kingdom - 1485 E. Mitchell Hammock Road
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Jonathan De La Rosa
Senior Managing Director Investments
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