National Tire & Battery (NTB)

Highlights:

• Strategic Lowe's & Super Walmart Out Parcel location. All National Credit Tenants Represented in Immediate Area.
• High Visibility on Main Retail Corridor - 44,000 VPD on US HWY 72 and 9,900 VPD on Earl Rd.
• Located in Charlotte MSA - 4th Fastest Growing MSA in the Nation
• Complete Interior, Exterior and Parking Lot Remodel in 2015
• In Place assumable, non-recourse loan
• Absolute NNN Lease - No Landlord Responsibilities
• Corporate guaranty by TBC Corporation - 1,200 retail stores
• Attractive 10% Rental Increases
• Additional billboard income of $6,449 a year

Description:

NNN Investment Advisors is pleased to present this National Tire & Battery (NTB), an absolute triple net (NNN) single-tenant investment offering, located in Shelby, North Carolina. The subject property was completely remodeled in 2015 and consists of approximately 6,656 SF, with 8 service bays on a large 1.97 acre lot. The lease is guaranteed by TBC Corp, a unit of Japan's Sumitomo Corporation of America (SCOA). TBC Corp. operates some 2,700 stores in the U.S. and Canada comprised of nearly 1,500 franchised Midas stores, and 1,200 TBC Retail Group stores.  There is also a billboard on site which generates an additional income. 

An Investor will capitalize on both the real estate appreciation and scheduled increases throughout the lease terms as well as attractive in-place non recourse assumable financing which provides a healthy leveraged yield in today's low yield environment.

This property is located on the southeast side of Shelby, NC, which is approximately 40 miles west of Charlotte and 60 miles east of Asheville. Situated on the main retail corridor of Shelby with direct frontage on busy US Hwy 72/Dixon Blvd, the property is an out-parcel to a Lowe’s and adjacent to a Walmart Super Center. Other surrounding retailers include Aldi, Walgreens, Office Depot, Pet Supermarket, Big K-Mart, Chick-Fil-A, Aaron's, Planet Fitness, Applebee’s Bar, Jack in the Box, Next Care Urgent care, Dunkin’ Donuts, IHOP, Pizza Hut, KFC, Golden Coral and more. A new LIDL grocery is being constructed nearby and Shelby High School is 1/2 mile away from the subject property. The strong traffic counts (44,000 VPD on US Hwy 72/Dixon Blvd), presence of major retailers and nearby residential communities make this property an ideal NTB location.  

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