Commercial Sale · Business
1429 10TH STREET E, PALMETTO, FL, 34221
Active56 days on marketListed May 30, 2026MLS #A4694210
About this property
The property at a glance
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.
8,400
Building sq ft
$190
Price / sq ft
0.78
Lot acres
1987
Year built
1
Building
C1A
Zoning
Business
Property type
The numbers
Investment snapshot
5.9%
Cap rate
$95,166
Net operating income
Estimated payment (illustrative)
Estimated payment
$9,172/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
54,923
Population
$74,314
Median income
46.6
Median age
2.63
Avg household
$298,200
Median home value
$1,459/mo
Median rent
4,466
Households w/ kids
Recent sales
What actually sold near 1429 10TH STREET E
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$18,696
312 7TH STREET W
3,129 sqft · $6/sqft · Sold Jan 1, 2025
$300,000
2404 15TH STREET E
Sold Nov 12, 2024
$900,000
1027 9TH STREET W
10,090 sqft · $89/sqft · Sold Jan 17, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1429 10TH STREET E — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1429 10TH STREET E.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of VUE REALTY, LLC · Terri Harrington. MLS #A4694210.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New PALMETTO listings, in your inbox
A daily digest of every new listing in PALMETTO — straight from the MLS, hours after it goes live. Unsubscribe anytime.