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Tire Choice 235 S Belcher Rd 5,612 SF Retail Building Clearwater, FL 33765 $2,227,516 CAD ($396.92 CAD/SF) 5.40% Cap Rate

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Investment Highlights

Listed for $1,610,000 yielding a cap rate of 5.40%
Pro-Forma ±9.76% Cap Rate at market rents. Current rent is ±$15.49/SF **Contact agent for more information.
Tampa Bay MSA — ±115k population in a 3-mi radius and ±3.42 million in total

HIGH UPSIDE — value-add potential below-market rent, no options remaining, short-term lease
Corporate Guaranty — Monro is one of the leading automotive service and tire dealers in the nation
Larger Parcel of ±0.71 AC allows for flexible future uses

Executive Summary

Kyle Matthews
License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Building Size

5,612 SF

Building Class

Year Built

1994

Price

$2,227,516 CAD

Price Per SF

$396.92 CAD

Cap Rate

5.40%

NOI

$120,290 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

0.71 AC

Zoning

Frontage

112’ on Belcher

Pylon Sign

Major Tenants

Services
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Tire Choice Auto Service Centers began as a retail tire and automotive service chain founded in 2004 and later became part of Monro after an acquisition in 2014. The company focuses on tire sales and installation, oil changes, brake repair, wheel alignments, shocks and struts, exhaust work, air conditioning service, and other under-car care. Tire Choice also emphasizes scheduled appointments and same-day oil change options at many locations, serving drivers through a mix of retail tire and maintenance services.