National Tire and Battery (NTB) NNN Property For Sale
This investment opportunity features a National Tire and Battery (NTB) property with a net lease structure. The tenant operates a thriving auto service center, providing a stable income stream for investors. The property boasts a substantial building size on a good-sized lot, located in an accessible area for customers. With attractive lease terms and consistent rent escalations, this offering presents a compelling acquisition in the essential services sector.
- Asking price $2.75M
- 6.00% cap rate
- NOI $165,000
- 20 years remaining
- NNN lease
- Building size: 9,625 SF
- Lot size: 1.00 acres
- Rent increases: 12% every 5 years
- Guarantor: Corporate
Asset type: Auto Service