Total Square Feet
±4,650 SF
Total Acreage
±0.41
Asking Price
$1,448,770
NOI
$97,792
Brandon, Florida
Total Square Feet
±4,650 SF
Total Acreage
±0.41
Asking Price
$1,448,770
NOI
$97,792
NATIONAL TENANT
• TBC Corporation (TBC) owns the Midas brand, one of the largest automotive service, maintenance, and repair companies in the United States.
• Midas has over 1,000 locations in North America and has been ranked in the top 100 of Entrepreneur’s Franchise 500 for 2024.
• Midas was founded in 1954 and has been franchising since 1956. With over 2,000 locations worldwide, Midas has focused on using its franchise shops to move inventory and has become one of the most sought- after auto repair brands in the world.
STABLE CASH FLOW WITH NO LANDLORD RESPONSIBILITIES
• The lease with Midas is an absolute NNN lease, meaning the tenant is responsible for all expenses, repairs, and replacement concerning the property including parking lot, property taxes, insurance, roof, and structure.
• This was the first Midas location in Tampa and has operated here for decades, showing a high level of dedication to this location.
• The franchisee has experience operating Midas franchises, operating 5+ locations throughout Florida and Illinois.
STRATEGIC LOCATION
• This asset is located just south of W Brandon Boulevard, which has an AADT of 61,500.
• The property is located 0.25 miles from the Publix-anchored Brandon Mall and less than 2 miles from the Brandon Exchange, a 156-acre shopping mall that ranks in the top 1% of all shopping centers in Florida by foot traffic.
• Within a 3-mile radius, annual consumer spending on transportation exceeds $400 million and total retail spending exceeds $1.1 billion.
DESIRABLE DEMOGRAPHICS
• 103,719 population within a 3-mile radius
• $100,766 average household income within a 3-mile radius
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