Tire Speed Shop

6864 SW 8th St. - Miami FL 33144

LTV (Loan to Value)	65.00%	Current NOI	$86,520.00
Interest Rate	4.250%	Capital Rate	6.500%
Fixed Term	10 Years	Land Area	0.28 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$861,250.00	Property Type	Retail
Payment	$4,665.72	Property Lease	Automotive
Bulding Size	4,776 SF	Remaining Terms	9 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 4,776 square-foot freestanding Tire Speed Shop property on 0.28 acres in Miami, Florida. Tire Speed Shop is operating under an original ten (10) year NNN lease with 3% rent increases annually. The property is strategically located in the market of Miami, FL, situated to serve the tenant’s targeted demographic, with a population of 184,292 and an average household income of $61,430 within a three (3) mile radius.The property is 100% leased to Tire Speed Shop, a pillar of the Miami community. The shop is a leader in offering name brand tires, wheels, auto repair, and brake services for customers located in and around the Miami, Florida area.

Highlights

Core Miami Real Estate – This property offers investors the rare opportunity to purchase Prime Miami real estate located in…

Property Description

Miami is a city located on the Atlantic coast in southeastern Florida and the county seat of Miami-Dade County. The 44th most populated city proper in the United States, with a population of 417,650, it is the principal, central, and most populous city of the Miami metropolitan area, and the most populous metropolis in the Southeastern United States after Washington, D.C. According to the U.S. Census Bureau, Miami’s metro area is the eighth most populous and fourth-largest urban area in the United States, with a population of around 5.5 million.