5660 W Waters Ave 5,781 SF 100% Leased Retail Building Tampa, FL 33634 $2,992,334 CAD ($517.62 CAD/SF) 5.50% Cap Rate

The Issenberg Britti Group of Surmount is pleased to present for sale the fee-simple interest in this single-tenant, net-leased Mavis Tire building located at 5660 West Waters Avenue in Tampa, Florida. The 5,781-square-foot building sits along West Waters Avenue, one of the region's primary east-west commercial corridors, connecting the Town 'N Country and Citrus Park submarkets.
The property is subject to a long-term net lease with approximately 13 years of primary term remaining, running through October 31, 2039, plus two five-year renewal options that could extend occupancy through October 2049. This Mavis is situated on a hard corner signalized intersection with daily traffic counts exceeding 42,500 vehicles. This is also located next to a Wawa Gas/Convenience Store which provides excellent tenant synergy.
The lease is held by Mavis Southeast, LLC, an affiliate of Mavis Tire Express Services Corp., one of the largest independent automotive service platforms in the United States, with roots dating to 1949 and operating under the Mavis name since 1972. Mavis operates more than 3,500 company-owned and franchised locations, with Mavis-branded stores in 36 states, while its combined family of brands — including Midas, Tire Kingdom, NTB, Town Fair Tire and Tuffy — spans 49 states and Canada. The platform has been institutionally backed since 2021 by an investor group led by BayPine LP and TSG Consumer Partners, and continues to expand, having integrated Midas in 2025 and, in July 2026, agreeing to acquire approximately 800 Pep Boys locations for roughly $700 million.
Tampa is part of the Tampa Bay Metropolitan Area, the third-largest MSA in Florida with more than 3.4 million residents; the City of Tampa itself has grown to an estimated 413,554 residents as of 2025, up more than 7% since the 2020 Census. The immediate trade area is supported by a dense residential base, including Baywater Apartments, The Oaks of Woodland Park, Palmera Pointe, West End Apartments and Sweetwater Villas, continued rooftop growth at the 46-lot Hixon Preserve community, and strong surrounding retail anchors including Town 'N Country Promenade, Westgate Plaza, Hillsborough Galleria and Citrus Park Town Center.