August 13, 2021 – Kyle Danielson, Justin Spillane and Spencer Norton of Horvath & Tremblay have successfully completed the sale of Tuffy Tire & Auto in Gulf Breeze, FL. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,003,691.
Tuffy Tire & Auto is located at 3737 Gulf Breeze Parkway (US Route 98) in Gulf Breeze, Florida. Constructed as a build-to-suit in 2008, Tuffy Tire & Auto is situated on a 0.91-acre parcel of land and is shadow anchored by a Walmart Supercenter & Lowe’s Home Improvement Center. Tuffy Tire & Auto has been operating at the Property for over 13 years (since 2008) and has 7+ years remaining on their Absolute NNN Lease with two (2), 5-year renewal options. The Absolute NNN Lease calls for annual 2% rent increases throughout the remainder of the primary lease, and scheduled rent increases at the start of each of the two 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. Tuffy Tire & Auto is situated along Gulf Breeze Parkway (US Route 98) the areas primary retail and commercial thoroughfare. The Property enjoys outstanding visibility and multiple points of entry. Tuffy is located across from Avalon Boulevard (FL Route 281), which serves as one of two primary roadways connecting the peninsula with mainland Florida.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.