Current Use by Public Records
- Retail properties & Spaces
Property Details for 440 Us-441
- Year built
- 2010
- Lot size
- 0.80 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This 7,228 square foot Tire Kingdom in Lady Lake, Florida, presents a compelling investment opportunity. Located at 440 US-441, this absolute NNN leased property boasts a strong 6.25% cap rate and a remaining lease term of over 10 years, extending to June 30, 2035, with three 5-year options. The property sits on 0.8 acres and benefits from a corporate guarantee from TBC throughout the lease term. Built in 2010, the building enjoys a prime location in a high-growth area near The Villages retirement community and other major retailers including Sportsman's Warehouse, Kohl's, Best Buy, Home Depot, Total Wine, Golf Super Tour, and Target. Rent increases are tied to the CPI, with a maximum annual increase of 12% every five years. The current NOI is $272,289, based on an estimated 12% rent increase effective July 1, 2025
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lady Lake
- County
- Lake
- State
- Florida
- Longitude
- -81.929
- Latitude
- 28.9296
