Old Tire Centers to make way for retail developments. (Real Estate).

Two tire stores are rolling out of a four block stretch of Wilshire Boulevard in Santa Monica, and two retail developments are expected to take their place.

The site of a Goodyear Tire Center at Wilshire Boulevard and 12th Street was sold to a West Los Angeles-based developer who is

Goodyear is one of two tire stores that will be shuttered by this fall, according to May Realty Advisors President Matthew May, who represented both the buyer and the seller, Regency Corp. At 1610 Wilshire Blvd., Just Tires' lease is up in September and the property owner wants to develop the site for big-box retail.

Additionally, Wilshire West Detail & Car Wash's owners are expected to redevelop the block-long site at 2320 Wilshire Blvd. within the next couple years, according to May.

"Goodyear was paying $2,000 a month (for its long-term lease that ran out last year), and this site would rent out at $25,000 a month," said May. "The margins just aren't there."

Staff reporter Danny King can be reached at (323) 549-5225 ext. 230, or at dking@labusinessjournal.com.