Tire Choice – Lithia, FL

Tire Choice
16505 Fishhawk Blvd, Lithia, FL 33547, USA

Sands Investment Group is pleased to exclusively offer for sale the 6,108 SF Tire Choice Absolute NNN Asset, strategically located at 16505 FishHawk Boulevard in Lithia, FL. This offering presents investors with a compelling opportunity featuring an Absolute Triple Net (NNN) Lease with zero landlord responsibilities, providing a highly passive investment structure. The lease has ~8 years remaining on the current 10-year term, along with 1, 5-year renewal option, offering long-term income stability and additional upside potential.

  • Corporate Guaranty: The lease is guaranteed by Monro, Inc. (NASDAQ: MNRO), a publicly traded, national automotive service and tire retailer. As of 2025, Monro has 1,290+ locations, making it the 2nd-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
  • Absolute Triple Net (NNN) Lease: With ~8 years remaining on the current 10-year term, plus 1, 5-year renewal option.
  • Attractive Contractual Rent Growth: Built-in rent increases of ~8% at year 5 and year 9 of the term.
  • Publix-Anchored Center: Property is strategically located adjacent to a busy Publix-anchored shopping center, benefiting from strong co-tenancy and consistent daily traffic.
  • National Tenant Synergy: Brand new Chipotle development currently under construction directly in front of the property and Newer HTeaO next door showcasing national tenant demand for the immediate market.
  • Affluent, High-Growth Market in Tampa MSA: Average household income exceeding $175,000 within a 1-mile radius and $159,616 within a 3-mile radius.
  • National Retailers in the Immediate vicinity include: Publix, AutoZone, Chipotle, HTeaO, Aldi, Bank of America, Wells Fargo, Verizon, UPS, Marco’s Pizza, Sonic, Outback Steakhouse, Walgreens, Starbucks, Taco Bell, Dunkin’, McDonald’s, Truist Bank, 7-Eleven, and many more.
  • Excellent Access & Visibility on Fishhawk Boulevard: With traffic counts of 22,706+ VPD.

 

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

Tire Choice
16505 Fishhawk Blvd, Lithia, FL 33547, USA

Tire Choice

Tire Choice Auto Service Centers is a leading automotive service and tire brand offering tire sales, installation, oil changes, brake services, wheel alignments, and general automotive repairs. Founded in Florida in 2004, Tire Choice was acquired by Monro in 2014 and has since expanded across multiple U.S. markets. The brand serves both individual drivers and commercial customers, providing convenient, full-service automotive maintenance through a network of neighborhood locations. Tire Choice benefits from Monro’s extensive operating platform, industry expertise, and established presence in the automotive aftermarket, supporting the brand’s continued growth and customer reach.

Price

$3,461,113

Cap Rate

5.75%

PREMISES

6,108 SF

YEAR BUILT

2008

RENEWAL OPTIONS

1 x 5 Year Options

Lease Expiration

06/30/2034

Lease Type

Absolute NNN

RENTAL INCREASES

8% Increases Beginning Year 5 and 9

BROKERS

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch