Action Gator Tire The Villages, Florida

$3,880,000
Cap Rate: 6.00%
Available
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 6.00%
Price: $3,880,000
Rentable Square Feet: 6,777
Annual Rent: $232,800
Price PSF: $572.52
Land Area: 1 Acre
Year Built: 2019
Lease Type: NNN
Lease Term: 20 Years
Option Periods: 2, 5-Year Options
Rent Increases: 5% Every 5 Years
Lease Expiration: 1/31/2040 est

4243 East County Road 466
The Villages, FL 34484

Investment 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

 

Investment Overview

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.

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