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Stellar MLS

$1.60M

1429 10th Street

Palmetto, FL 34221

Listing updated: June 2, 2026 at 10:47 AM ET

Active
Stellar MLSListing courtesy of Vue Realty, Llc · Terri Harrington · MLS #A4694210 · Active · 941-269-8400
8,400
Building SF
0.78
Acres
1987
Built
$190.48
Per SF
Business5.95% cap rate$190.48/SF
Business

Property type

1987

Year built

8,400 SF

Building size

33,968 sqft

Lot size

$190.48

Price / SF

C1A

Zoning

3

Days on market

Investment & cash flow

5.95%
Cap rate
$95K
NOI / yr
$190.48
Price / SF

Income includes: Parking

Figures provided by the listing broker — verify independently.

Lease terms

Occupancy
Tenant

About this property

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.

Facts & features

Property type
Commercial Sale
Sub type
Business
Status
Active
Days on market
3
Subdivision
Acreage
County
Manatee
Year built
1987
Building area
8,400 sq ft
Price/sq ft
$190.48
Lot size
33,968 sq ft
Buildings
1
Road frontage
City Street
Building features
Bathrooms, Common Lighting, High Bays
Annual taxes
$22K (2025)
Parcel #
2608400004
Zoning
C1A
MLS #
A4694210

Utilities

Utilities
Public, Water Connected
Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2026-05-30
On market date
2026-05-30
MLS area
34221 - Palmetto/Rubonia
Status changed
2026-05-31
Tax legal description
COM 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

Location

Directions

Off US301 & I75 Head East on 301 property on right hand side.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of June 2, 2026 at 10:47 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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