•	Tire Kingdom has operated at this location for 25 years and has 3.5 years remaining on their lease with 2 (5-year) options to extend
•	The lease features 10% rental increases at the beginning of each option period
•	In May 2023, Mavis Tire Express Services Corp. acquired 595 retail locations from TBC Corporation, comprising 392 NTB Tire & Service Centers and 203 Tire Kingdom Service Centers. This acquisition expanded Mavis’s retail footprint to approximately 2,000 locations across 28 states
•	Upon renewal of the lease in ~2 years, the yield will be 6.00%+

Offering Memorandum

•	The asset is fronting E. Gulf to Lake Hwy, a primary retail corridor serving the city of Inverness averaging 38,500 VPD
•	Surrounding retailers include Walmart Supercenter, Lowe’s, T.J. Maxx, and more
•	The Walmart Supercenter just to the West ranks in the 79th percentile of all nationwide superstores via Placer.ai
•	A building permit has been requested for a new 139,980-square-foot The Home Depot store at 1067 E Gulf to Lake Hwy, which is less than 3 miles East of the subject site

Inverness, FL - Tire Kingdom

a28TP0000017aivYAA - 1744653291959 -1

a28TP0000017aivYAA - 1744653292453 -2

a28TP0000017aivYAA - 1744653292668 -3

a28TP0000017aivYAA - 1744653292923 -4

a28TP0000017aivYAA - 1744653293136 -5

a28TP0000017aivYAA - 1744653293345 -6

a28TP0000017aivYAA - 1744653293543 -7

a28TP0000017aivYAA - 1744653293731 -8

a28TP0000017aivYAA - 1744653293962 -9

<p>Kate Gryboski joined SRS Real Estate Partners in 2024 in the Dallas office as a Marketing Associate. In her role, Kate supports the Capital Markets teams producing high-impact marketing materials. Her goal is to create flyers and offering memorandums that capture attention and drive results, contributing to the growth and success of SRS.</p><p>Kate has a B.S. in strategic communications and a minor in psychology from Texas Christian University. </p>

Kate Gryboski

Marketing Associate

Retail

Industrial

Net Lease Investments

National Multi-Tenant Advisory

1031 Exchange

Sale Leaseback

Debt & Equity

Franchise M&A

Advisory

Capital Markets

Land

Office

Multifamily

Hospitality

Special Purpose

For Sale Or Lease

Investment Sale

Properties

By Name

By Location

By Service

By Team

People

National Net Lease

SRS Industrial

Team

Locations

People & Locations

Search

Primary Navigation

Sold

Inverness, FL - Tire Kingdom

Description

Location

Contact

Patrick Nutt

William Wamble