Located at 908 Grand Central Avenue in Vienna, West Virginia, this National Tire and Battery store is a single-tenant investment offering given under an Absolute Net Lease. The offering includes a 5,860 sq.ft. Automotive Building with six repair bays. Strategically positioned next to a Sam’s Club and across the street from Walmart Supercenter, this NTB store gets direct exposure to Grand Central Avenue that sees a traffic count of over 17,000 vehicles per day. The base term of the lease is seven years, including a 10 percent hike in rent with four five-year option periods. Several national and regional retailers are also present in the immediate area, including Sam’s Club, Walmart Supercenter, McDonald’s, Moe’s Southwest Grill, Logan’s Roadhouse, Applebee’s, BB&T, 7 Eleven, Arby’s, Anytime Fitness, Lowe’s, and Grand Central Mall. The TBC Retail Group consists of Tire Kingdom, NTB, Merchants Tire and Auto Centers, and Big O Tire stores. Around 226 NTB stores are accessible across 1,200 locations in 41 states, plus Washington DC, Alberta & British Columbia, and Canada.
This investment property is suitable for a 1031 exchange.
Property Details –