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The Tire Choice
$3,900,000
Plus The Villages, FL
Offering Memorandum
Lease Type
NNN
Cap Rate
5.22%
Property Type

Retail

Building Size
6,264 SF
NOI
$203,582
Land Area
1.15 AC
Remaining Term
8 Years
Status
Sold
Michael Zimmerman
Michael Zimmerman
Founder
Property Highlights
Quality Investment Opportunity

This The Tire Choice property features new 20-year corporate-guaranteed NNN lease with scheduled rental increases and multiple options to renew. There are no landlord responsibilities for ease of investment. Additionally, Florida has no state income tax.

Prominent Retail Location

The site is located along a dense retail corridor in The Villages, the world’s largest retirement community with an ever-increasing population. This The Tire Choice location is situated near prominent national retailers like Publix, Walmart, Bealls, The Fresh Market and Red Lobster. The site is also near multiple schools within the larger The Villages community.

Within the Greater Orlando Area

The Villages has a population of 122,460 and consistently ranks as a high-growth area. In 2018, The Villages ranked No. 1 on the list of the fastest-growing metropolitan areas in the country. Additionally, residents of The Villages benefit from the community’s ideal location around 60 miles from Orlando. As the fourth-most popular tourist destination in the world, Orlando draws over 68 million visitors annually to its numerous attractions.

The Tire Choice
The Villages, FL
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