The subject property is a freestanding National Tire & Battery facility located in the northeast Dallas suburb of Rockwall, Texas. Rockwall is a wealthy bedroom community to Dallas / Ft. Worth. NTB is located in a major retail center adjacent to Lowe’s Home Improvement, Target, Albertson’s Supermarket, Stein Mart, Staples & Bank of America. The center has visibility from Interstate 30 leading out from Dallas. Other traffic generators nearby include Walgreens Drugstore, CVS Pharmacy, Home Depot, First Bank, First Convenience Bank and Wachovia Bank. Rockwall County is the second wealthiest county in the state of Texas in terms of median income. In 2006, Rockwall County was the fastest growing county in the United States by population.

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. They maintain an A credit rating from Standard & Poors.