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Englewood investor group buys Bonita Springs Tire Kingdom

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  • | 8:26 a.m. June 29, 2012
  • Commercial Real Estate
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BUYER: NH Industrial Inc. (principals: William Lyons and J. Kimpton and Anne Honey), Englewood
SELLER: Donald and Margaret Nelson
PROPERTY: half of 28090 Imperial Parkway, Bonita Springs
PRICE: $895,000

SELLER: Emily Abeledo-Adams and Ami Vaughan, individually and co-personal representative of the Estate of Enrique Abeledo
PROPERTY: half of 28090 Imperial Parkway, Bonita Springs
PRICE: $895,000

PREVIOUS PRICE: $625,000, August 2003

LAW FIRM ON DEED: Baskin Fleece, Attorneys at Law, Clearwater

PLANS, DESCRIPTION: An Englewood-based investment group purchased a 6,196-square-foot retail building for $1.79 million. The price equated to $289 per square foot.

The building has housed a Tire Kingdom franchise operated by TK Bonita LLC since 2003.

“We bought it because we own another Tire Kingdom [building] in North Carolina,” says William Lyons, managing member of the group. “We were a landlord for that as well. They're a great business.”

The change in ownership will have no affect on the Tire Kingdom, which is responsible for upkeep and maintenance of the building through a triple net lease.

The purchase entity NH Industrial Inc. mortgaged the property to Standard Insurance Co. for $1.1 million.


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