Tire Kingdom and NTB Portfolio
$8,756,101.56
Address | 6602 Gunn Highway Tampa, FL and 8160 E Broad St, Reynoldsburg, OH |
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Tenant | TBC Corporation |
Lease Term | 14.5 Years |
Cap Rate | 4.41% |
NOI | $385,350 |
Rent Increase | Every 5 years |
Description
NNN Tire Kingdom and NTB Property. Both Properties are Corporately Guarnteed by TBC Corporation and each location features strong demographics with many national retail tenants closeby.
•Long term lease—14.5 Years remaining
•Corporately Guaranteed Lease—U.S. parent company guarantee from TBC Corporation plus a guaranteefrom Sumitomo of America, the parent of TBC Corpo-ration.
•Absolute NNN Lease – Zero Landlord Responsibilities
•Strong Demographics
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