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National Tire & Battery
868 National Road
Wheeling, West Virginia
$852,800
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The subject property is a freestanding National Tire & Battery facility located 1/2 mile from Interstate 70 in the city of Wheeling, West Virginia. Wheeling is located in the panhandle between Ohio and Pennsylvania and is part of the Pittsburgh Tri-State area. Interstate 70 and 470 run through Wheeling and connect to suburban Pittsburgh to the east and Columbus, Ohio to the west. Traffic generators in the area include: CVS Pharmacy, Kroger Supermarket, AAA, Hardee’s, Papa John’s, Wendy’s, Blockbuster, Tim Horton’s and Progressive Bank, Hampton Inn, Marriott Springhill Suites. Located about 2 miles from the site is Oglebay Resort, the only self supporting public municipal park in the world.
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. |
Purchase Price:
$852,800
Annual Rent:
$63,960
Cap Rate:
7.5%

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