Tire Kingdom

Lowest
Cap Rate

5.45%

Lowest cap rate over past 24 months

Average
Cap Rate

6.65 %

12 mo avg with 5+ yr lease term

Overview

Tire Kingdom locations are generally sold as absolute NNN leases, with zero landlord responsibilities and long-term lease terms backed by national operators. These properties are typically found in high-traffic retail corridors, often co-located with other auto service brands. Leases are commonly corporate-guaranteed by TBC Corporation, one of the largest auto service providers in the U.S.

Average Property & Lease

Average Sale Price	$1,700,000 - 3,200,000
Average NOI	$110,000 - $230,000
Building SF	5,000
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	N/A

CREDIT RATING

S&P	N/A
Moody's	N/A

TENANT DESCRIPTION

Tire Kingdom was founded in 1972 in West Palm Beach, Florida, and rapidly grew throughout the Southeast. It was acquired by TBC Corporation, which also owns brands like NTB, Big O Tires, and Midas. TBC itself was long jointly owned by Sumitomo Corporation and Michelin, and now operates one of the most comprehensive automotive service platforms in North America.

Founded	1972
Headquarters	Palm Beach Gardens, FL
Number of Locations	190
Revenue	$2.5 B
Company Website	https://www.tirekingdom.com
Key Principal	David Sorbaro

Tire Kingdom

Lowest Cap Rate

5.45%

Average Cap Rate

6.65 %

Overview

Average Property & Lease

CREDIT RATING

S&P

N/A

Moody's

N/A

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate