The subject property is a newly constructed, freestanding National Tire & Battery retail store located in the Kansas City suburb of Lee’s Summit, MO. The site is located on US Highway 350 (55,000 vehicles per day) and is surrounded by retailers such as Hy-Vee Supermarket, Walgreens Drugstore, Firestone, Westlake Hardware, 7-Eleven, Bank of Lee’s Summit, Great Southern Bank, Pizza Hut, Hardee’s and Steve Oliver Dodge dealership. Other traffic generators in the area include Summit Technology Center (a branch campus of the University of Central Missouri) and SummitWoods Shopping Center (Lowe’s, Super Target, Kohl’s, Best Buy, Michael’s Arts & Crafts, Dick’s Sporting Goods, Bed Bath & Beyond, Old Navy, PETCO, Bob Evans Farms, LongHorn Steak House, T.G.I. Friday’s, Borders Books, Famous Footwear, Office Depot, Buffalo Wild Wings, Custard’s Last Stand, Chili’s Grill & Bar, and On the Border).

Tenant: TBC Corporation
TBC Corporation is the nation’s largest vertically integrated marketer of tires for the automotive replacement market, operating under the “ Tire Kingdom”, “Merchant’s Tire & Auto Centers” and “National Tire & Battery” brands, with franchised stores under the “Big O Tires” brand. TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. The wholesale division markets directly to independent tire dealers in the eastern and southeastern United States. TBC’s five proprietary brands of private label tires, include Multi-Mile, Cordovan, Sigma, Vanderbilt, and Big O,, are produced by nationally recognized manufacturers and have a reputation for quality, safety, and value. These brands are distributed through TBC Private Brands to wholesalers also throughout the United States, Canada, and Mexico. In 2005, TBC Corporation was purchased by Sumitomo Corporation of America (SCOA) along with Sumitomo Corporation ending its 22 year stint as a publicly traded company. SCOA is the largest subsidiary of Sumitomo Corporation (SC), one of Japan’s major integrated trading and investment business enterprises. The Company has a total of 1,225 retail locations consisting of 690 Company operated and 551 franchised stores.