Loading --> News Strategies Entrepreneurs Leadership Regions Tampa Bay-Lakeland Manatee-Sarasota Charlotte-Lee-Collier Florida Industries Business Support Commercial Real Estate Residential Real Estate Development Finance Food-Beverage Healthcare Manufacturing Retail Sports–Entertainment Technology Travel-Tourism Topics Mergers–Acquisitions Crime Job Cuts Insights More Advice Transactions 40 Under 40 Big Book of Business Subscribe Opinion Executive Diversions Change-Makers Reprints About --> Sorted by: Date Relevance Filter by Category: All News Strategies Entrepreneurs Mergers & Acquisitions Leadership Tampa Bay-Lakeland Manatee–Sarasota Charlotte–Lee–Collier Florida Industries Restrict to Date: All Past 24 hours --> Past week Past 2 weeks Past month Past 2 months Past 3 months Past 6 months Past year --> Sorted by: Date Relevance Filter by Category: All News Strategies Entrepreneurs Mergers & Acquisitions Leadership Tampa Bay-Lakeland Manatee–Sarasota Charlotte–Lee–Collier Florida Industries Restrict to Date: All Past 24 hours --> Past week Past 2 weeks Past month Past 2 months Past 3 months Past 6 months Past year × News Strategies Entrepreneurs Leadership Regions Regions Tampa Bay-Lakeland Manatee-Sarasota Charlotte-Lee-Collier Florida Industries Industries Business Support Commercial Real Estate Residential Real Estate Development Finance Food-Beverage Healthcare Manufacturing Retail Sports–Entertainment Technology Travel-Tourism Topics Topics Mergers–Acquisitions Crime Job Cuts Insights More More Advice Transactions 40 Under 40 Big Book of Business Subscribe Opinion Executive Diversions Change-Makers Reprints Newsletters Podcast Public Notices 40 Under 40 Mobile App Subscribe Login Lakewood Ranch commercial property sells for $4.7M By Louis Llovio | 4:10 p.m. August 28, 2026 | 2 Free Articles Remaining! The 8,820-square-foot Mavis Tires & Brakes in Lakewood Ranch has sold. Image courtesy of Matthews Regions --> Manatee-Sarasota Share The Mavis Tires & Brakes shop in Lakewood Ranch has sold for $4.77 million at a 5.15% cap rate. The shop at 15209 Garnet Trail just off of State Road 70 was bought by a New Jersey investor as part of 1031 Exchange. The seller is a Belleair Beach LLC named P&D Investments IV. Manatee County property records show it paid $4.6 million for the property in 2022. The 8,820-square-foot shop sits on 1.38 acres and has more than 16 years left on a lease that expires in 2042, says the Nashville commercial real estate firm Matthews. That lease comes with 5% rent increases every five years. Matthews says the seller, a repeat client it represented, put it on the market as a “part of a capital-raising strategy.” The all-cash deal closed in 21 days. The firm’s Michael Tamir, Chad Kurz and Kevin Puder worked on the sale. Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa. Get the latest business and commercial real estate news from Tampa Bay to Naples. Extra, Extra! Newsletters App Podcast Big Book of Business more About Us Contact Us Advertise Distribution Points Jobs Privacy Policy Subscribe Accessibility Options sister sites Your Observer Jax Daily Record Orange Observer Accessibility Options Copyright © 2026 Observer Media Group Inc., All Rights Reserved × 2 Articles Remaining! Not a Subscriber? Click here to Subscribe Click here to Login Start your day with the top Gulf Coast business news you need to succeed. Stay updated with a weekly roundup of big deals, market shifts and the people shaping commercial real estate from Tampa Bay to Naples. Turn headlines into game plans. The playbook’s right here. Subscribe to the Business Observer today.
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