National Tire & Battery (NTB)

465 Earl Road, Shelby, North Carolina



Price : $2,544,000
Cap Rate : 7.0%
NOI : $178,131
Building Size : 6,656 Sq Ft
Year Built : 2002/2015
Lease Type : Absolute NNN
Lease Expiration : 09/30/2022
Renewal Options : Four, 5-Year
Rental Increases : 10% Every 5 years
Status : Available
Property Type : Retail

Investment Highlights

Attractive 10% Rental Increases
In Place assumable, non-recourse loan
Additional billboard income of $6,449 a year
Absolute NNN Lease - No Landlord Responsibilities
Interior, Exterior and Parking Lot Remodel in 2015
Corporate guaranty by TBC Corporation - 1,200 retail stores
Located in Charlotte MSA - 4th Fastest Growing MSA in the Nation
High Visibility on Main Retail Corridor - 44,000 VPD on US HWY 72 and 9,900 VPD on Earl Rd.
Strategic Lowe's & Super Walmart Out Parcel location. All National Credit Tenants Represented in Immediate Area.


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.

This property is located on the southeast side of Shelby, NC, which is approximately 40 miles west of Charlotte and 60 miles east of Asheville. Situated on the main retail corridor of Shelby with direct frontage on busy US Hwy 72/Dixon Blvd, the property is an out-parcel to a Lowe’s and adjacent to a Walmart Super Center. Other surrounding retailers include Aldi, Walgreens, Office Depot, Pet Supermarket, Big K-Mart, Chick-Fil-A, Aaron’s, Planet Fitness, Applebee’s Bar, Jack in the Box, Next Care Urgent care, Dunkin’ Donuts, IHOP, Pizza Hut, KFC, Golden Coral and more. A new LIDL grocery is being constructed nearby and Shelby High School is 1/2 mile away from the subject property. The strong traffic counts (44,000 VPD on US Hwy 72/Dixon Blvd), presence of major retailers and nearby residential communities make this property an ideal NTB location.

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