Tuffy Tire & Auto Service
Closed1280 Commercial Way, Spring Hill, FL 34606
Property type
Retail
Unit / Space count
1
Price
$1,235,000
Building size
3,960 sf
Rentable area
3,960 SF
Year built
2004
Year renovated
Occupancy
Zoning code
Lot size
1.64 Acres
Sold/status
Sold · Date unknown
Sale price
$1235000
CAP
7.76%
Net Operating Income
$95,784
Property description
Franklin Street Real Estate Services is pleased to present this Corporate Guaranteed Tuffy Auto Service Center, which is located in Spring Hill, Florida. The NNN Lease is located in Hernando County and it's 172,778 residents contributes to the rapidly growing 2.7 million residents of the Tampa Bay Area. Tuffy has 6+ years remaining on its initial NNN lease which commenced in September of 2004. The lease offers 8.8 percent rental increases every five years as well as in each of the two, five-year options to renew. Under the lease, the tenant is responsible for all maintenance, repairs and expenses.
Property highlights
- Corporate Guaranteed Absolute NNN Lease
- 6+ Years Remaining on Lease Term
- Strong Traffic Counts along US Highway 19 (43K AADT)
- Close Proximity to Publix & Walmart
- Scheduled Rental Increases every Five Years
- Growing Trade Area