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| National Tire & Battery |
9605 Broadway Street, Pearland (South of Houston), Texas
Purchase Price: $3,101,019
• Twenty-five (25) Year Primary Lease
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Fixed rental increase based on CPI not to exceed 12%
• Three x 5-year options
Land Area:±1.6 acres, Building Area: ± 8,064 SF
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Willis Ventures is excited to announce that our brokerage has closed escrow on a National Tire & Battery in Pearland, Texas. The property sold for $3,101,019 with a 6.35% capitalization rate.
TBC Corporation is the largest independent tire and automotive services retailer in the United States, operating over 600 stores with more than 7,000 employees. TBCC operates nationally under the store names Tire Kingdom & National Tire and Battery (NTB). TBC Corporation is the nation’s largest marketers and distributors of tires for the automotive replacement market. TBCC has continued to expand Tire Kingdom & NTB with additional locations in markets it currently serves as well as to extend its geographic coverage. In November 2005, Sumitomo Corporation of America (SCOA) acquired TBC Corporation as a wholly owned subsidiary. SCOA is an investor and business partner in more than 40 subsidiary and affiliate companies worldwide.
The subject property is located just off North Main Street & the corner of Broadway Street in Pearland, Texas. Traffic generators in the immediate area include Home Depot, Kroger, Kohl’s, Wal-Mart, Target, Big Lots, Kmart, American Transmission Center, Dollar General, Whataburger, McDonald’s, Taco Bell, KFC, Dairy Queen, Sonic Drive-in, Burger King, Long John Silver’s, Subway Sandwiches, Popeyes, Wendy’s, Eckerd Drugs, and Jiffy Lube.
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