Available Property

National Tire & Battery
6504 Reading Road at Highway 59
Rosenberg, Texaas
$3,235,000

The subject property is a freestanding, 10-bay National Tire and Battery retail store located in the southwest Houston suburb of Rosenberg, Texas. The Property consists of a 8,064 sf building on 1.6 acroes of land with a 20+ year lease term. The site is along Highway 59, adjacent to the Brazos Town Center, a 550 acre development anchored by Target, Home Depot, Best Buy, Kohl’s, JC Penney, Academy Sports, OfficeMax, Ross, Cinemark, Hobby Lobby, Marshall’s, Kroger Marketplace, Palais Royal, Petco, Walgreens Drugstore, Mattress Giant, McDonald’s, Chili’s, Buffalo Wild Wings, Panda Express, On The Border, Texas Roadhouse, Chick Fil-A, Cracker Barrel, Chase Bank, Bank of America and Wells Fargo. Brazos Town Center integrates 100 acres of retail with 600 high-end multifamily units, 150 townhomes, 251 patio homes, 443 single family homes and professional office park - all interconnected with a trail system, parks & lakes. Other notable traffic generators in the area include Wal-Mart, Office Depot, Sears, AT&T, Hampton Inn, Blue Wave Carwash & Baytown Seafood. The Property is being sold with an assumable loan having the following terms: Loan balance (Jan-12) is $1,581,390 with a fixed 5.84% interest rate, amortized over 30 years and due in 10 years (Due Jun-17). Annual debt service is $119,376 leaving projected cash flow of $98,909. With a down-payment of $1,653,610 an investor will enjoy an initial cash on cash yield of 6%, increasing every five years.

Tenant: National Tire & Battery.
National Tire & Battery is owned by TBC Corporation, the nation's largest vertically integrated marketer of tires for the automotive replacement market, operating under the Tire Kingdom, Merchant's Tire & Auto, National Tire & Battery, Big O Tire and Carroll Tire Company brands. 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. TBCC'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. The Company has a total of 1,200 retail locations consisting of 800 Company operated.