TIRE CHOICE ORLANDO, FLORIDA - FOR SALE | OFFERING MEMORANDUM - 3 Properties
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
FOR SALE | OFFERING MEMORANDUM TIRE CHOICE ORLANDO, FLORIDA David Sobelman Robert Rohrlack III 877-233-3331 877-233-3331 dsobelman@3-properties.com rrohrlack@3-properties.com
TABLE OF CONTENTS Page Content 1 Contact Information 3 Investment Overview 4 Investment Highlights 5 Retail 6 Traffic 7 Aerial 8 Location 9 Demographics 10 Lease 11 Photos 12 Disclaimer
INVESTMENT LOCATION OVERVIEW 7412 Hoffner Ave Orlando, Florida Brand new construction single- tenant net lease Tire Choice for sale in tourist destination Orlando, Florida. Tire Choice is a Monro Muffler company. Monro Muffler is publicly traded on the Nasdaq as TYPE MNRO, and had 2019 sales of $1.2 billion! Brand new construction single- This location is adjacent to tenant NN tire store Walmart and near the major road arteries of 417 and 528.
Investment Highlights LEASE GUARANTOR SQUARE FEET NN Monro Muffler 5,400 building PRICE CAP RATE NOI $3,200,000 5.00% $160,000
Demographic Estimates (2019) 1 mile 3 miles 5 miles Population 9,778 82,681 196,880 Households 3,925 32,008 76,111 Average HH Income $64,993 $66,168 $72,842 Median HH Income $52,219 $53,344 $60,342 Median Home Value $176,339 $186,283 $207,172 Total Businesses 333 2,506 5,884
Lease Fresh 15-year lease with 10% increases every 5 years. Years Annual Monthly Increase Options 1-5 $160,000.00 $13,333.33 6-10 $176,000.00 $14,666.67 10% 11-15 $193,600.00 $16,133.33 10% 16-20 $212,960.00 $17,746.67 10% Option 1 21-25 $234,256.00 $19,521.33 10% Option 2 26-30 $257,681.60 $21,473.47 10% Option 3
Photos SEE MORE PHOTOS
877-233-3331 @3_properties Get to know us 3-Properties.com /company/3-properties 3 Properties' mission is to increase the quality of life for all parties we encounter by providing the most accurate, efficient, and cost-effective triple net lease real estate transaction platform that has ever existed. This Offering Memorandum (“OM”) is provided by 3 Properties LLC (“3P”), solely for your consideration of the opportunity to acquire the commercial property described herein (the “Property”). This OM is considered confidential and should not be forwarded without prior consent by 3P. This OM may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior authorization or consent of 3P. This OM does not constitute or pertain to an offer of a security or an offer of any investment contract. This OM contains descriptive materials, financial information and other data compiled by 3P for the convenience of parties who may be interested in the Property. Such information may not all be inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. 3P has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon 3P.
You can also read