12831 Trade Ctr Dr Bonita Springs, FL 34135-7187
- Gas stations
- 6,165 SF
- 0.96 lot acres
Current Use by Public Records
- Tire Choice Auto Service Centers / Oil Change Service / Wheel Alignment Service
Property Details for 12831 Trade Ctr Dr
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.96 lot acres
- Property size
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,555,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,410,000
- 6.5%
- $3,225,000
- 7%
- $3,470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,820,000
- Geo Method
- $3,240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,215,000
- Retail
- $3,400,000
- Mixed-Use
- $3,635,000
- Hospitality
- $3,305,000
- Educational
- $2,895,000
- Residential Income
- $3,785,000
- Energy
- $3,130,000
- Income-Based Land
- $3,230,000
- Food Service
- $3,920,000
Location Insight
- Map
- Local Demand
- City
- Bonita Springs
- County
- Lee
- State
- Florida
- Longitude
- -81.7415
- Latitude
- 26.331
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
