ABSOLUTE NNN LEASE | DENSE POPULATION OF 200K+ WITHIN 3-MILES | HEAVY TRAFFIC OF 64,500 VPD
■ Absolute Net Lease – No Landlord Responsibilities
■ Tires Plus has 400+ stores in 23 states
■ Outparcel to Busy Supermarket and University Anchored Power
■ Full Street Level Visibility to 28,500 Vehicles Per Day
■ Multiple Points of Ingress/Egress with Turn Divisions for Both
Directions of Traffic on 122nd Ave
■ Adjacent to Sedano’s Supermarket, AMC Cinemas, Chevron,
■ Access to Dense Population of 200K+ within 3-Miles
■ Power Center Situated on Signalized Hard Corner with Heavy
Traffic of 64,500 VPD
■ Strong Tenant Mix Including Marshall’s, Florida National
University, Miami-Dade Permitting Office, McDonald’s, Pollo
Tropical, Navarro Pharmacy, Pollo Tropical, Party City, and More
■ Nearby Florida International University 50K+ Students
■ Tires Plus is owned by Bridgestone Retail Operations (BSRO),
nearly 2,200 locations — including Firestone Complete Auto
Care™, Tires Plus™, and Wheelworks™
■ Florida is an Income Tax-Free State | Auto Repair is Essential
Marcus & Millichap is pleased to present this Absolute Net Leased Tires Plus located at 2215 SW 122nd Avenue, Miami, Florida. The subject property consists of a 7,512 square foot freestanding building on a 0.6-acre parcel of land.
Strategically located at the signalized intersection of Coral Way and SW 122nd Avenue in Las Americas V Central Plaza, the building has complete street-level exposure to approximately 28,500 vehicles per day and accessibility to 64,500 vehicles per day through the power center. The property has multiple points of ingress/egress, with turn divisions for both directions of traffic on SW 122nd Avenue, and two signalized entrances to the power center on Coral Way. Las Americas V Central Plaza has approximately 194,000 visits per month. The build-to-suit construction and lease began in 2022. Tires Plus rent commenced in 2004 upon completion of improvements, with a 20-year absolute net lease, expiring in 2024.
Located within the city of Miami, the property offers access to dense urban infill demographics, with a population of 200,296 and an average household income of $77,472 within a three-mile radius. Florida International University is less than 1-mile away, with a student population of over 50,000. The typical consumer persona visiting the immediate trade area is Hispanic ethnicity, with an average income of $75,000 to $90,000.
Xcelco LLC has operated this Tires Plus store for 17 years and did not receive any rent concessions during the COVID-19 pandemic. Tires Plus was acquired by Bridgestone Retail Operations (BSRO), and has more than 5,000 teammates working in 400+ stores in 23 states. BSRO, a subsidiary of Bridgestone Americas, Inc., operates the largest network of company-owned automotive service providers in the world — nearly 2,200 tire and vehicle service centers across the United States — including Firestone Complete Auto Care™, Tires Plus™, and Wheelworks™ store locations.
For more information please contact Michael Salafia (786) 522-7134.