Action Gator Tire

4243 East County Road 466, The Villages, FL

$3,880,000

Price

6%

Cap Rate

$232,800

NOI

Overview
Cap Rate
6%
NOI
$232,800
Building Size
6,777 sqft
Lot Area
1 acres
Lease Type
Triple Net
Year Built
2019
Price Per Sqft
$572.52
Description

Marcus & Millichap is pleased to present the opportunity to acquire a new Action Gator Tire located in The Villages, Florida. Action Gator Tire offers a brand new, 20-year, triple net lease featuring two, five-year renewal options with five percent rental increases every five years. The lease is a corporate guaranteed.

Surrounding national retailers include Walmart Supercenter, Publix, The Fresh Market, Marshalls, HomeGoods, Beall’s, Walgreens, Arby’s, McDonald’s, Dunkin Donuts, BB&T, Bank of America, Olive Garden, Red Lobster and many more.

The Villages is the largest single-site residential real estate development in the United States spanning over 33,000 acres in three adjoining counties in Central Florida. The Villages is an active retirement community located in sunny central Florida, an hour north of Orlando near Interstate 75 and the Florida Turnpike. It is close to Florida’s famous tourist attractions and Orlando International Airport. The rapid growth of areas like this has helped Florida become the nation’s third most populous state.

Highlights
  • New Construction
  • Brand New, 20-Year Triple Net (NNN) Lease
  • Two, Five-Year Renewal Options with Five Percent Rental Increases Every Five Years Throughout Base Term and Option Periods
  • Located Directly Outside The Villages, the Largest Retirement Community in the United States Spanning over 33,000 Acres
  • Total Population of The Villages Reached 157,000 Residents
  • Surrounding National Retailers Include Walmart Supercenter, Publix, The Fresh Market, Marshalls, HomeGoods, Beall’s, Walgreens, Arby’s, McDonald’s, Dunkin Donuts, BB&T, Bank of America, Olive Garden, Red Lobster and Many More
  • Approximately 50 Miles North of Walt Disney World, Orlando International Airport, Universal Studios and Sea World
Documents
Title
Offering Memorandum
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Location
Gallery