PALMETTO, FL 34221 1429 10TH STREET E
$1,600,000

Presented By: VUE REALTY, LLC with 941-269-8400. - 941-269-8400
Home Details
VUE Realty is pleased to present the opportunity to acquire a net-leased Tire Kingdom property in the growing Tampa Bay/Sarasota corridor. The property is occupied by Tire Kingdom, operated by Mavis Tire Express Services Corp., one of the nation’s largest independent tire and automotive service providers with over 2,000 locations nationwide.
Strategically positioned along a major commercial corridor in Palmetto, Florida, this established automotive service center benefits from excellent visibility, strong traffic counts, and a proven operating history serving the surrounding residential and commercial market.
The property is offered with a Triple Net (NNN) lease structure, providing investors with passive income and limited landlord responsibilities. Current annual NOI is approximately $95,166 with approximately four years remaining on the existing lease term plus two (2) five-year renewal options.
Palmetto continues to experience significant growth driven by its proximity to Sarasota, St. Petersburg, Tampa, Lakewood Ranch, and major employment centers. Continued residential and commercial development supports long-term demand and strengthens the property’s investment fundamentals.
Investment highlights include a nationally recognized tenant, predictable cash flow, strong visibility, essential-service retail use, long-term occupancy history, future lease extension options, and location within one of Florida’s fastest-growing markets. An excellent opportunity for investors seeking stable income backed by a well-established automotive retail location.
Annual NOI: Approx. $95,166
Lease Type: Triple Net (NNN)
Tenant: Tire Kingdom / Mavis Tire Express Services Corp.
Lease Term: Approx. 4 Years Remaining + Two 5-Year Options
Annual NOI approximately $95,166. Approximately four years remaining on current lease term plus two (2) five-year renewal options. National tenant with established operating history. Excellent visibility, strong traffic counts, and strategic location within the Tampa Bay/Sarasota growth corridor.
Presented By: VUE REALTY, LLC with 941-269-8400. - 941-269-8400
Interior Features for 1429 10TH STREET E
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
General for 1429 10TH STREET E
AccessibilityAccessible Common Area, Accessible Entrance
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Building FeaturesBathrooms, Common Lighting, High Bays
CityPALMETTO
Construction MaterialsBlock
CoolingCentral Air
CountyManatee
DirectionsOff US301 & I75 Head East on 301 property on right hand side.
Facing DirectionNorth
Flood Zone CodeX500
Flood Zone Code X500Y
Legal DescriptionCOM AT THE NE COR OF THE SE1/4 OF SEC 13, TH S 53.02 FT TO THE NE COR OF LOT 1, OF SD SUNKIST ACRES SUB, SD PT BEING ON THE S R/W LN OF U S 301; TH W ALG SD R/W, 190.0 FT FOR A POB; TH S 201.82 FT ALG THE W R/W LN OF 15TH AVE DR; TH S 89 DEG 30 MIN W , 169.0 FT, TH N 201.65 FT TO A PT ON SD R/W OF U S 301; TH ELY ALG SD R/W 169.05 FT TO THE POB P-60 PI#26084.0000/4
Listing TermsCash
Living Area UnitsSquare Feet
Lot Size Square Feet33968
Lot Size UnitsSquare Feet
MLS Area34221 - Palmetto/Rubonia
New ConstructionNo
Occupancy TypeTenant
OwnershipFee Simple
Property SubtypeBusiness
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameACREAGE
Tax Annual Amount21809.07
Tax Lot1
Tax Year2025
UtilitiesPublic, Water Connected
Water Access Y/NNo
Water View Y/NNo
Year Built1987
ZoningC1A
Exterior for 1429 10TH STREET E
Building Area Total8400
Foundation DetailsSlab
Lot Dimensions169 x 201
Lot FeaturesCity Lot, Landscaped, Near Public Transit, Street Lights
Lot Size Acres0.78
Lot Size Area33968
Number of Buildings1
Road Frontage TypeStreet Lights, Street Paved, City Street
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved, Asphalt
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Elio Rodriguez
Broker Associate
SQFT • 8,400