Tire Kingdom Net-Leased
8181 Wiles Rd, Coral Springs, FL 33067
For Sale
Contact for pricing
Corporate-guaranteed triple-net lease with four extension options and scheduled rent increases.
Property Size11,600 SF
Price / SF$453.72
Days on Market19
Property Features for 8181 Wiles Rd
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Road Access
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Building Details
Buildings
Tenancy
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License FL #701472
(859) 581-1113
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
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Investment Insights
Based on property information with market context.
This freestanding 11,600-SF automotive property is leased to Tire Kingdom under a triple-net structure. The lease carries a corporate guarantee from METIS Holdco, Inc., approximately 21 years remaining in its primary term, and four extension options. Contractual rent increases are 7.5% every five years. The tenant has occupied the site since 2010.
The property fronts Wiles Road in Coral Springs, across from a Publix-anchored retail center. Wiles Road carries more than 37,500 vehicles per day, while nearby Riverside Drive carries more than 15,600 vehicles per day. Signage is also noted at the site.
The property fronts Wiles Road in Coral Springs, across from a Publix-anchored retail center. Wiles Road carries more than 37,500 vehicles per day, while nearby Riverside Drive carries more than 15,600 vehicles per day. Signage is also noted at the site.
Key Highlights
- Freestanding 11,600‑SF automotive property leased to Tire Kingdom
- Triple‑net lease with corporate guarantee from METIS Holdco, Inc.
- Approximately 21 years remaining in the primary lease term, plus Four Options to extend
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,525
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,170,500
$3.2M
Cap Rate 7%
$2,264,643
$2.3M
Cap Rate 9%
$1,761,389
$1.8M
Market Conditions
NOI Build-Up for 11,600 SF
Gross rent
$236.6K $20.40/SF
− Vacancy
−$10.2K −$0.88/SF
EGI
$226.5K $19.52/SF
− OpEx
−$67.9K −$5.86/SF
NOI
$158.5K $13.67/SF
Area
Coral Springs, FL
Vacancy
4.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,170,500
Cap Rate 7%
$2,264,643
Cap Rate 9%
$1,761,389
Alternative Uses
Best Use
Industrial
$2.26M
$1.98M – $2.64M
NOI $158,525 @ 7.0% cap · market cap 3.01%
Second Best
Retail
$2.01M
$1.76M – $2.35M
NOI $140,884 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$5.89M
$5.15M – $6.87M
NOI $411,962 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
37,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 33067, FL
27,564
Population
8,994
Households
3.1
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
9.9 sq mi
ZIP Area
2,784
Density / Sq Mi
$132,385
Median Household Income
$61,744
Median Earnings
$2,128
Median Rent
$652,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for NNN properties in Broward County, FL
Properties on Market for NNN properties in Broward County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed triple-net lease with four extension options and scheduled rent increases.
Where is this nnn property located?
The property is located at 8181 Wiles Rd Coral Springs, FL.
What is the asking price?
The asking price for this property is $5,263,158.
What are key features of this property?
This property features: Freestanding 11,600‑SF automotive property leased to Tire Kingdom; Triple‑net lease with corporate guarantee from METIS Holdco, Inc.; Approximately 21 years remaining in the primary lease term, plus Four Options to extend
