Tire Kingdom
Ocala, Florida
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NNN Pro Group is pleased to present the exclusive listing for a Tire Kingdom located at 5530 SW College Rd in Ocala, FL. The site consists of roughly 6,938 rentable square feet of building space on estimated 1.50-acre parcel of land. This Tire Kingdom is subject to a 20-year absolute triple-net (NNN) lease, which commences upon close of escrow. The current annual rent is $200,000 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
– Long Term 20-Year Sale-Leaseback
– Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
– Six (6) Tenant Renewal Periods of Five (5) Years Each
– Corporate Guarantee from Mavis Discount Tire | 2,000+ Locations
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