Investment Overview

This investment opportunity features an absolute net, corporately guaranteed National Tire & Battery (NTB) located in Harker Heights, Texas. 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, year-over-year, over the next five years. Fort Hood, a 214-968-acre military base, is situated within 10 miles of the subject property and is one of the primary economic drivers in this submarket. In addition, there are approximately 250,000 residents within a 10-mile radius of NTB. National Tire & 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 an additional CPI increase remaining in the final five years of 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.