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Views: 25 DOM: 70 Updated: 03.07.24 Posted: 03.07.24 Status: Active

Summary

Price $2,990,678
Built/Renov 2009
Tenant National Tire & Battery
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,795
Lease Start 11-01-2009
#Units 392
Price/SF $440.13
Expiration 10-31-2029
Tenant Type Automotive
NOI $171,964
R. Term 5.5
Ownership Fee Simple
Rent/SF $25.31
Increases 0.0%/0/yrs
Pop 5Mi 295,754
Lot/AC 1.02
Options 2/5yrs
AHHI 5Mi $105,255

Lease Highlights

  • National Tire & Battery has been operating in this location since 2009
  • The tenant has 5+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features CPO increases every 5 years throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

National Tire & Battery is strategically located on North Freeway, with access to 20,000 vehicles passing by daily. The property is positioned on an outparcel in front of The Home Depot, benefiting from its location at the exit off Interstate 35 West, a primary thoroughfare, which sees 184,000 VPD. Additionally, a portion of the through traffic results from the proximity to the BNSF Railway...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

National Tire and Battery (NTB) is an American brand of auto service centers. NTB specializes in fluid services (oil, brake, coolant and transmission), battery services, brake services, steering &...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,566 119,159 303,384
2023 Total Population : 14,312 116,320 295,754
2023 Employed Civilian Pop : 7,902 61,936 154,222
2023 Total Businesses : 281 2,404 6,736
2023 Average Household Income : $ 99,691 $ 104,686 $ 105,255
2023 Total Consumer Spending : $ 467 M $ 3673 M $ 9210 M
2023 Median Age : 32 33 33
2023 Total Households : 5,382 40,551 101,193
2023 Pop Age 25+: Bachelor's Degree : 2,795 19,693 47,920
2023 Average Home Value : $ 313,416 $ 290,021 $ 287,863
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Sandshell Blvd Sadie Trl 2008 2,157 0.25 mi
I- 35 W Western Center Blvd 2004 8,946 0.30 mi
N Freeway Svc Rd E North Fwy 2004 6,361 0.32 mi
N Freeway Svc Rd E 2021 19,994 0.32 mi
N Freeway Svc Rd E 2022 22,126 0.32 mi
I 35W Express Basswood Blvd 2021 159,803 0.37 mi
I 35W Express Basswood Blvd 2022 153,554 0.37 mi
N Freeway Svc Rd W 2021 16,279 0.38 mi
N Freeway Svc Rd W 2022 18,798 0.38 mi
North Fwy Fossil Bluff Dr 2004 5,893 0.39 mi

Listing Broker

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