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…