Tuffy Auto Service Center

Tuffy Auto Service Center
7445 Vanderbilt Beach Road, Naples, FL
Actual Photo
Tenant:
Tuffy Associates Corp.
Company Type
Private
No. of Locations
430+
Headquartered
Toledo, OH
Years in the Business
Since 1970
Website
www.tuffy.com
Other Concepts Owned
Car-X
Tuffy Auto Service Centers originally
started in the 1970’s as strictly a muffler
shop. With the acquisition in 2002 of CarX Auto Service Centers the combined
chain has over 430 stores in 21 states
with controlled growth of 20 to 30 stores
per year. Each Tuffy offers services
which include brakes, mufflers and
exhaust, suspension, alignment, air
conditioning, heating and cooling, starting
and charging, brake fluid service, power
steering systems, transmission fluid
exchange, oil change, tire sales and
repair and other minor auto repairs. Tuffy
has a reputation for their continuous
commitment to quality and customer
service.
Primarily Tuffy stores are
franchised with the lease signed and
guaranteed by the corporation.
TENANT INFORMATION
Vanderbilt Beach Rd., Naples, FL
7445 Vanderbilt Beach Rd
Naples, FL
(ACTUAL PHOTOS)
Property and Investment
Highlights
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Annual rent increases 2% per year
8-Bay, 5,100 sq ft building
0.89 acre site with extensive landscaping and irrigation
Tuffy Associates Corp. 20 year
Corporate Guaranteed Lease with (2)
five year options
Just off SR 951 (Collier Blvd)
Lease Commencement July 11, 2008
Location
The site is 0.89 acres, located on
Vanderbilt Beach Road just off SR 951
(Collier Blvd). It is an outparcel of the
new 149,000 sqft Sweetbay Shopping
Center. The Tuffy property has 28
total parking spaces. The building is
approximately 5,100 square feet and
has 8 service bays.
PROPERTY INFORMATION
Vanderbilt Beach Rd., Naples FL
LOCATION
Vanderbilt Beach Rd., Naples, FL
SURROUNDING BUSINESSES
Vanderbilt Beach Rd., Naples, FL
NAPLES, FL
8.7 %
AVERAGE RETURN
Tired of Bank CD and Stock Market Returns? Investors do have
an alternative by investing in Long Term Fully Net Leased Real
Estate offering Average Return of 8.7% over the next 17 years of
the lease.
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Rent increase September 1st each year.
Long term Net Leased Real Estate.
No management - just put the checks in the bank.
Leases with a National Corporation.
Auto Repair business with a good future of maintaining
vehicles during an economic downturn which results in
many owners keeping their vehicles for a longer time.
Rent payments are set up to automatically deposit in
your checking account (ACH) on a designated date by
the tenant, a national company.
Please contact Brian Allardt for more information:
Ph. 765-808-1400
E Mail – ballardt@allardtenterprises.com
AVERAGE RETURN INFORMATION
Vanderbilt Beach Rd., Naples, FL
Pricing
Tenant
Lease Guarantor
7445 Vanderbilt Beach
Naples, Florida
Price
Rentable Sq Ft
Price/Sq Ft
Year Built
Building Size
# of Bays
Lot Size
Type of Ownership
$ 2,226,400
5,100
$ 436.54
2008
5,100 Sq Ft
8
0.89 Acres
Fee Simple
Lease Type
Lease Term
Lease Commencement
Lease Expiration Date
Lease Term Remaining
Options
Tuffy
Corporate
Guarantee
NNN
20 years
7/11/2008
8/31/2028
19 Years +/Two (2)
5 Yr Options
Tenant Summary
Percentage on returns based on selling price of $2,226,400 for future rent increases for next 10 years. We are in 3rd year of lease.
Yrs Rent
3rd
4th
5th
6th
7th
8th
9th
10th
11th
12th
Tuffy Income
$166,980 ÷
$170,328 ÷
$173,736 ÷
$177,204 ÷
$180,744 ÷
$184,368 ÷
$188,052 ÷
$191,808 ÷
$195,648 ÷
$199,560 ÷
Sale Price
$2,226,400 =
$2,226,400 =
$2,226,400 =
$2,226,400 =
$2,226,400 =
$2,226,400 =
$2,226,400 =
$2,226,400 =
$2,226,400 =
$2,226,400 =
% on Return
7.50%
7.65%
7.80%
7.96%
8.12%
8.28%
8.45%
8.62%
8.79%
8.96%
PRICING AND LEASE INFORMATION
Vanderbilt Beach Rd., Naples, FL
Parking:
28 Spaces
SITE LAYOUT
Vanderbilt Beach Rd., Naples, FL
Population
1 mi.
2000 Total Population
2011 Total Population
% change 2000 - 2011*
1,042
1,757
68.62%
3 mi.
5 mi.
11,059
28,455
157.30%
51,619
95,923
85.83%
3 mi.
5 mi.
3,870
10,696
176.38%
18,459
35,573
92.71%
3 mi.
5 mi.
$63,696
$98,156
54.10%
$53,542
$81,315
51.87%
Housing
1 mi.
2000 Total Housing Units
2011 Total Housing Units
% change 2000 - 2011*
385
691
93.02%
Income
1 mi.
2000 Median Household Income
2011 Median Household Income
% change 2000 - 2011*
*Projected Figures
$60,892
$81,760
34.27%
DEMOGRAPHICS
Vanderbilt Beach Rd., Naples, FL
4319 W. Clara Ln. #292
Muncie, IN 47304
Phone: 765.808.1400
Email: brian@allardtenterprises.com
Web: www.allardtenterprises.com
CONTACT INFORMATION
Brian Allardt