This exceptional investment opportunity presents a 6,165-square-foot Tire Choice auto shop located at 12831 Trade Center Dr, Bonita Springs, FL 34135. The property sits on a 0.96-acre lot and is part of a 500,000+ square foot shopping center anchored by a Publix supermarket. Built in 2006, this absolute NNN net lease property boasts a corporate guarantee from Monro, Inc. (NASDAQ: MNRO), a leading national tire retailer with over 1,250 stores. The current lease, commenced May 1, 2022, has a remaining term of 7.4 years, extending to April 30, 2032, with three 5-year renewal options, each including a 10% rent increase. The property generates a strong NOI of $232,425, resulting in a 6.24% cap rate. The asking price is $3,725,000. Benefiting from high visibility on Bonita Beach Road (38,500 vehicles per day) and direct access to I-75 (90,000 vehicles per day), this location enjoys a prime position near numerous national retailers, including The Home Depot, CVS, Goodwill, and Walgreens. The property's proximity to Worthington Country Club, with its 799 residences, further enhances its appeal. Seller financing is available with terms negotiable. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential.
Highlights
Bonita Beach Road frontage (38,500 VPD) with direct I-75 access (90,000 VPD).
Publix-anchored outparcel in Bonita Grande Crossing, a 500,000+ SF shopping center.
Strong consumer base near Worthington Country Club (799 residences).
Surrounded by national/credit tenants (Home Depot, CVS, Walgreens, etc.).
10-year corporate-guaranteed lease (Monro, Inc. - NASDAQ: MNRO) with 10% rental increases per option period.
Retail property - High-performing auto shop, strong tenant, excellent location.
Where is the retail property located?
The property is located at 12831 Trade Center Dr Bonita Springs, FL.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: Bonita Beach Road frontage (38,500 VPD) with direct I-75 access (90,000 VPD).; Publix-anchored outparcel in Bonita Grande Crossing, a 500,000+ SF shopping center.; Strong consumer base near Worthington Country Club (799 residences).
How can I contact the broker?
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Trade Center Dr Bonita Springs, FL 34135
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Disclaimer
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12831 Trade Center Dr
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