NTB NNN lease with Rare TBC Corporate Guarantee

  • $1,714,286
908, Grand Central Avenue, Vienna, Wood County, West Virginia, 26105, United States of America

NTB NNN lease with Rare TBC Corporate Guarantee

908, Grand Central Avenue, Vienna, Wood County, West Virginia, 26105, United States of America
  • $1,714,286

Overview

Property ID: 18557
  • Property Type
  • Auto and Brake Properties
  • 5860
  • sqft

Description

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 – 

  • Property Type – Auto & Brake Property
  • Property Status – To Be Available Soon
  • Location – 908, Grand Central Avenue, Vienna, Wood County, West Virginia, 26105, USA
  • Year of Construction – N/A
  • Lease Type – Absolute Net Lease
  • Lease Expiration – 6 years 6 months
  • Property Size – 5860 sq.ft.

Details

Updated on April 22, 2020 at 12:06 pm
  • Price: $1,714,286
  • Property Size: 5860 sqft
  • Property Type: Auto and Brake Properties
  • Property Status: Coming Soon
  • Cap Rate: 7.00%
  • Lease Expiration: 6 years 6 months
  • NOI: $120,000
  • Tenant: Single Tenant Net Lease
  • Address 908, Grand Central Avenue, Vienna, Wood County, West Virginia, 26105, United States of America
  • City Vienna
  • State/county Wood County
  • Zip/Postal Code 26105

Contact Information

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Ronnie Issenberg
  • Ronnie Issenberg

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Ronnie Issenberg
  • Ronnie Issenberg