Prepared for 4/22/2015
Presented by Elite International Commercial and Business Division Elite International Realty Commercial&Business Division (786) 295-1825 awolak@eliteinternational.com
Properties for Sale 1
7602 West Hillsborough Avenue, Tampa, FL 33615 Property Details Price Building Size Price/SF Property Type Property Sub-type Property Use Type Cap Rate Tenancy Status
$1,310,000 5,904 SF $221.88 /SF Retail Free Standing Bldg Investment 7% Single Active
Property Notes
Property Description "Absolute Triple-Net"Zero Landlord Responsibilities"Corporate Guaranty from TBC Corp"Over 51,000 Vehicles per Day"Average Household Income Over $62,000"Tire Kingdom has been Operating at this Location Since 1984
Location Description Tire Kingdom is located at 7602 West Hillsborough Avenue in Tampa, Florida. The subject property is a 5,904-square foot, single-tenant retail building on approximately 27,675 square feet of land. The existing lease is a five-year corporate lease with one five-year option period. The market area experiences an average household income of over $62,000 and a traffic count of 57,000 vehicles per day.Tire Kingdom's lease is a corporate guarantee from TBC Corporation. The TBC Retail Group includes National Tire & Battery (NTB), Merchant's Tire and Auto Centers, and Big O Tire stores. Together, there are more than 1,200 locations in 41 states, plus Washington DC, Alberta and British Columbia, Canada. TBC Corporation has been in business since 1956 and is the nation's largest independent marketer of automotive replacement tires.
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