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2930 10th Ave
Lake Worth, FL 33461
Tires Plus · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Zero Landlord Responsibilities | Triple Net (NNN) Lease Structure | Structured Hedge Against Inflation | 10% Increases Every 5 Years
- Strong Reported Store Sales | Over $3.8M in Sales | 4.50% Rent-to-Sales Ratio | Dense Retail Trade Area | 1.4M+ Square Feet of Retail Within 1 Mile
- Rare Palm Beach County Location | Palm Beach County Exhibits High Demand Across Residential and Commercial Sectors
- Shadow-Anchored by a Walmart Supercenter | Walmart Experiences over 2.1 Million Annual Visitors (Placer.ai)
- Proven Long Term Location | Tires Plus Has Over 25-Years of Operating History at the Site | 39,858+ Vehicles Per Day | Excellent Visibility & Access
- Proximity to National Retailers | Publix, Walmart, ALDI, Harbor Freight, Home Depot, Ross, Walgreens, AutoZone, Taco Bell, Wendy's, etc.
EXECUTIVE SUMMARY
SAB Capital is pleased to present Tires Plus in North Lake Worth, FL, just 7 miles southwest of West Palm Beach. This property features a corporately backed triple-net (NNN) lease with Bridgestone Retail Operations LLC, a leading operator with over 400 locations across 23 states. The site benefits from exceptional location fundamentals, positioned in a dense retail trade area that boasts 1.4 million square feet of retail within a 1-mile radius. Furthermore, the tenant has demonstrated long-term commitment to this location, having provided over 25 years of service at this site.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,762 SF
Building Class
B
Year Built
1998
Price
$4,678,378 CAD
Price Per SF
$691.86 CAD
Cap Rate
5.15%
NOI
$240,937 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.86 AC
Zoning
CG - Commercial
Parking
36 Spaces (5.32 Spaces per 1,000 SF Leased)
Frontage
99’ on 10th Ave
PROPERTY TAXES
| Parcel Number | 70-43-44-20-06-000-0732 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,414,271 CAD |
PROPERTY TAXES
Parcel Number
70-43-44-20-06-000-0732
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,414,271 CAD
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