Firestone Complete Auto Care Center

Highlights:

• FLORIDA NO STATE INCOME TAX
• Land Lease with NO LANDLORD RESPONSIBILITIES
• New 10-year extension with (3) 5-year renewals with 10% rent escalations
• Corporate Store with 33 years history at location
• Very Desirable & high growth Orlando Metro Market
• 2023 Population: 208,250 in 5-mile radius
• 2023 Average Household Income: $105,247 in 5-mile radius

Description:

Fee simple ownership with tenant Land Lease with no landlord responsibilities. Corporate store with 33 years of history at location. New 10-year extension with (3) 5-year options to renew with 10% rent escalations in each option. Great opportunity to get into the quality brand at half the price of similar Florida sold comps benefiting from its under market rent and under brand national average rents. Florida has no state income tax.

This Firestone Complete Auto Care Center is located on busy
commercial highway W SR 434 situated on a hard corner at a lighted intersection directly across the street from Orlando Health South Seminole Hospital just north of Orlando. The site is surrounded by other national retailers: McDonalds, Walgreens, CVS, Winn-Dixie, Chipotle, Papa Johns, Taco Bell and Wawa to name a few. Very desirable & high growth Orlando Metro Market. High Traffic count: W SR 434 - 42,000 AADT & FL Central Pkwy - 8,500 AADT

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