Tire Kingdom

Highlights

• 15-Year Lease Extension Through 2041 Recently secured a 15-year lease extension, demonstrating the tenant’s continued commitment to this Tallahassee location.
• 24+ Years of Operating History at the Site Tire Kingdom has occupied the property since 2001, establishing a longstanding presence at this Apalachee Parkway location.
• Adjacent to Walmart Supercenter Positioned next to a major national retailer at a signalized intersection, benefiting from visibility and accessibility along an established commercial corridor.
• Corporate-Guaranteed Lease The lease is backed by a corporate guaranty, providing contractual support beyond a location-level lease.
• Double-Net (NN) Lease Structure Tenant is responsible for property taxes, CAM, and insurance, with landlord obligations limited to roof and structure.
• Essential Automotive Service Use Tire sales, maintenance, and repair services support the property’s role as a service-oriented retail destination.
• Established Retail Trade Area Approximately 112,960 residents and 47,007 households within a five-mile radius, providing a substantial surrounding population base.
• Prominent Apalachee Parkway Location Situated along a major Tallahassee retail corridor with direct access to downtown and reported traffic exceeding 29,350 vehicles per day.
• Renovated in 2016 The property underwent renovations in 2016, reflecting prior investment in the physical asset.
• Scheduled 5% Rental Increases Contractual rent escalations occur every five years, with the next scheduled increase on December 1, 2031, based on the current lease abstract.

Location

Located at 3475 Apalachee Pkwy, Tallahassee, FL 32311, this property is part of the Southwood neighborhood and Tallahassee market.