1429 10TH ST E, Palmetto, FL 34221
1429 10TH ST E, Palmetto, FL 34221
1429 10TH ST E, Palmetto, FL 34221
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Team At The Comerford Group

Team At The Comerford Group

+1(941) 586-3229
$1,600,000
Est. payment /mo
8,400 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 8,400 sqft

Price per Sqft $190

Subdivision Acreage

MLS Listing ID A4694210

HOA Y/N No

Year Built 1987

Annual Tax Amount $21,809

Lot Size 0.780 Acres

Acres 0.78

Lot Dimensions 169x201

Property Sub-Type Business

Source Stellar MLS

Property Description

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.

Location

State FL

County Manatee

Community Acreage

Area 34221 - Palmetto/Rubonia

Zoning C1A

Direction E

Interior

Cooling Central Air

Exterior

Utilities Available Public, Water Connected

Building

Lot Description City Limits, Landscaped, Near Public Transit, Street Lights, Paved

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Read Less Info
Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Terri Harrington VUE REALTY, LLC

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1429 10TH ST E

Team At The Comerford Group
Team At The Comerford Group

Team Leader | Broker Associate | License ID: BK3455404

+1(941) 586-3229 | team@thecomerfordgroupfl.com

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