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16505 FishHawk Blvd
Lithia, FL 33547 Southeast Tampa

$3,461,113 USD

Auto Repair For Sale  •  6,288 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 6,108 SF
  • Lot Size 0.87 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 5.75 %
  • Tenancy Single
  • Zoning PD
10 Transit Score
40 Walk Score

Highlights

The lease is guaranteed by Monro, Inc. (NASDAQ: MNRO), a publicly traded, national automotive service and tire retailer.
With ~8 years remaining on the current 10-year term, plus 1, 5-year renewal option.
Built-in rent increases of ~8% at year 5 and year 9 of the term.
Property is strategically located adjacent to a busy Publix-anchored shopping center, benefiting from strong co-tenancy and consistent daily traffic.
Brand new Chipotle development currently under construction directly in front of the property and Newer HTeaO next door showcasing national tenant.
Average household income exceeding $175,000 within a 1-mile radius and $159,616 within a 3-mile radius.
Cap Rate: 5.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Tire Choice 6,108 SF 6/30/2034

Public Transportation

AirportDriveWalkDistance
Tampa International 44 min - 28.3 mi
St Pete-Clearwater International 55 min - 36.7 mi
Sarasota/Bradenton International 71 min - 48.2 mi
Michael Mulvihill 858-442-7298 Sands Investment Group
Michael Mulvihill 858-442-7298 Sands Investment Group