NNN Investment Advisors is pleased to present this National Tire & Battery (NTB), an absolute triple net (NNN) single-tenant investment offering, located in Shelby, North Carolina. The subject property was completely remodeled in 2015 and consists of approximately 6,656 SF, with 8 service bays on a large 1.97 acre lot. There are approximately 4.75 years remaining on the original 20 year lease term, with attractive 10% rental increases every 5 years with three (3), five year options. The lease is guaranteed by TBC Corp, a unit of Japan’s Sumitomo Corporation of America (SCOA). TBC Corp. operates some 2,700 stores in the U.S. and Canada comprised of nearly 1,500 franchised Midas stores, and 1,200 TBC Retail Group stores.  There is also a billboard on site which generates an additional income.

An Investor will capitalize on both the real estate appreciation and scheduled increases throughout the lease terms as well as attractive in-place non recourse assumable financing which provides a healthy leveraged yield in today’s low yield environment.