Brand New Tire Kingdom – 15 Year Lease – Signalized Intersection

2112 FL-77, Lynn Haven, FL 32428, USA
$2,809,278

Description

Marcus & Millichap is pleased to present this brand new construction Tire Kingdom located at 2112 FL-77 in Lynn Haven, Florida.
In 2020, Tire Kingdom executed a New 15 Year Lease with 10 percent increases every five years in rent. This Tire Kingdom is located at a signalized intersection across the street from the main entrance to a Wal Mart Supercenter. Retailers in the immediate area include Publix, Winn Dixie, McDonald’s, Starbucks, Taco Bell, Pizza Hut, Auto Zone, Sonny’s BBQ, Whataburger and many others.
The TBC Retail Group includes Tire Kingdom, NTB, Merchants Tire and Auto Centers and Big O Tire stores. Together, there are more than 1,200 locations in 41 states, plus Washington DC,
Alberta & British Columbia, Canada. There are approximately 226 NTB stores.

  • Brand New Construction Tire Kingdom with TBC Corporate Guarantee
  • 15 Year NNN Lease with 10% Increases every 5 years in Rent
  • Located at a Signalized Intersection Across the Street From the Main Entrance to a Wal Mart Supercenter
  • Retailers in the immediate area include Publix, Winn Dixie, McDonald’s, Starbucks, Taco Bell, Pizza Hut, Auto Zone, Sonny’s BBQ, Whataburger and many others
  • The TBC Retail Group includes more than 1,200 locations in 41 States
  • Florida is a No Income Tax State

 

About Lyn haven, Florida
Lynn haven, florida is located in bay county and benefits from easy access to nearby towns which it shares with the panama city metropolitan area. It is located 69 miles south of dothan, alabama and 238 miles west of jacksonville. Lynn haven is home to the apalachicola national forest, the largest national forest in the state of florida. It encompasses 632,890 acres and is the only national forest located in the florida panhandle.

Property Documents

  • Tire-Kingdom-Lynn-Haven-FL-om-ib
  • City: Lynn Haven
  • State/county: Florida
  • Zip/Postal Code: 32444
  • Country: United States

Detail

  • Price: $2,809,278
  • Year Built: 2020

Additional details

  • CAP RATE: 4.85%
  • NOI: $136,250

Features