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National Tire & Battery

110 E Central Texas Expy, Harker Heights, TX 76548

Listing Price: $4,483,179

Cap Rate
4.75%
Tenant Name
National Tire & Battery
Years Remaining On Lease
11.1
Gross SF
8,074
Guarantor
Corporate Guarantee
Rentable SF
8,074
Price/Gross SF
$555.26
Lease Type
Absolute Net
Rent Per Square Feet
$26.37

Investment Overview

This investment opportunity features an absolute net, corporately guaranteed National Tire and Battery located in Harker Heights, TX. The property is located along Central Texas Expressway which sees over 30,000 Vehicles Per Day and is the primary East/West thoroughfare in this booming Texas submarket. Harker Heights has seen tremendous growth over the last 10 years and is anticipated to accelerate that growth by nearly 3 percent per year over the next 5 years. Fort Hood, a 214,968-acre military base, is one of the primary economic drivers in this submarket. The property itself sits within 10 miles of the facility and serves a community of approximately 250,000 residents within that 10-Mile radius of the site. National Tire and Battery has been operating at this site since 2008 when they executed a 25-year lease. The property currently has 11 years remaining on the lease, with two more CPI rental escalations remaining through the primary term. This opportunity affords an incoming investor the ability to acquire a property with a tenant that has a recession resistant business model, while hedging against inflation with two more cumulative CPI rental increases over the next 11 years.

Investment Highlights

  • Corporately Guaranteed by TBC Corporation
  • Absolute Net Lease
  • Upcoming Rental Increase in February 2024
  • High Growth Central Texas Market
  • Current 5-Mile Population of 130,000+
  • Income Tax Free State

Exclusively Listed By

Auto Parts

National Tire & Battery

Listing Price: $4,483,179

Cap Rate
4.75%
Tenant Name
National Tire & Battery
Years Remaining On Lease
11.1
Gross SF
8,074
Guarantor
Corporate Guarantee
Rentable SF
8,074
Price/Gross SF
$555.26
Lease Type
Absolute Net
Rent Per Square Feet
$26.37

Investment Highlights

  • Corporately Guaranteed by TBC Corporation
  • Absolute Net Lease
  • Upcoming Rental Increase in February 2024
  • High Growth Central Texas Market
  • Current 5-Mile Population of 130,000+
  • Income Tax Free State

Investment Overview

This investment opportunity features an absolute net, corporately guaranteed National Tire and Battery located in Harker Heights, TX. The property is located along Central Texas Expressway which sees over 30,000 Vehicles Per Day and is the primary East/West thoroughfare in this booming Texas submarket. Harker Heights has seen tremendous growth over the last 10 years and is anticipated to accelerate that growth by nearly 3 percent per year over the next 5 years. Fort Hood, a 214,968-acre military base, is one of the primary economic drivers in this submarket. The property itself sits within 10 miles of the facility and serves a community of approximately 250,000 residents within that 10-Mile radius of the site. National Tire and Battery has been operating at this site since 2008 when they executed a 25-year lease. The property currently has 11 years remaining on the lease, with two more CPI rental escalations remaining through the primary term. This opportunity affords an incoming investor the ability to acquire a property with a tenant that has a recession resistant business model, while hedging against inflation with two more cumulative CPI rental increases over the next 11 years.

Exclusively Listed By

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