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Views: 88 Updated: 12.13.23 Posted: 09.23.23 Status: Inactive

Summary

Price $2,912,000
Built/Renov 2017
Tenant National Tire & Battery
Cap Rate 6.10%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,753
Lease Start 03-14-2017
#Units 392
Price/SF $431.22
Expiration 03-31-2032
Tenant Type Automotive
NOI $177,619
R. Term 7.6
Ownership Fee Simple
Rent/SF $26.30
Increases 10.0%/4/yrs
Pop 5Mi 65,212
Lot/AC 0.53
Options 4/5yrs/10%
AHHI 5Mi $89,288

Lease Highlights

  • NTB has 8+ years remaining on their primary lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The subject property is strategically positioned fronting South Lake Drive, which sees in excess of 26,000 vehicles passing by daily. The site is located on a major retail corridor and is an outparcel to one of the top performing Walmart locations in the country. This National Tire and Battery is surrounded by many national retailers, including Lowes, Aldi, Food Lion, Publix and many more,...

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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 : 4,172 28,167 67,783
2023 Total Population : 3,938 26,998 65,212
2023 Employed Civilian Pop : 1,807 12,631 31,012
2023 Total Businesses : 154 405 1,358
2023 Average Household Income : $ 73,363 $ 80,528 $ 89,288
2023 Total Consumer Spending : $ 97 M $ 696 M $ 1910 M
2023 Median Age : 36 36 37
2023 Total Households : 1,519 9,958 24,640
2023 Pop Age 25+: Bachelor's Degree : 435 3,289 8,774
2023 Average Home Value : $ 198,550 $ 207,327 $ 217,995
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Lake Drive Southwood Dr 2021 24,800 0.29 mi
Platt Springs Road Dari June Rd 2021 18,000 0.83 mi
South Lake Drive Foxborough Blvd 2021 16,800 1.25 mi
Nazareth Road Mill Pond Rd 2021 7,800 1.41 mi
Kyzer Road Magnolia Ridge Ln 2021 3,600 1.46 mi
Old Barnwell Road Silva Ct 2021 2,000 1.61 mi
Nazareth Road Dick Corley Rd 2021 5,300 1.74 mi
South Lake Drive Community Dr 2021 28,400 1.93 mi
Old Orangeburg Rd Darian Dr 2019 7,100 1.95 mi
Nazareth Rd Crumpton Ct 2018 4,500 2.13 mi

Listing Broker

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