12831 Trade Center DrBonita Springs, FL 34135

Property Details for 12831 Trade Center Dr

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.96 AC

Property size (Sq ft)

6,165 SF

Zone code

MPD

Property type

Gas stations

APN

06-48-26-B2-0150C.0020

APU

064826B20150C0020

Description

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.

Location Insight

City

Bonita Springs

County

Lee

State

Florida

Latitude

26.331

Longitude

-81.7415

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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