National Tire & Battery

Tenant Description

National Tire & Battery (NTB) operates under the TBC Retail Group, a network of 800+ tire and automotive service centers. Some of the other brands under this name include Tire Kingdom and Big O Tires. As of January 2019 the entire TBC Retail Group operates 1,200+ locations in 40+ states. They are known for there huge tire selection and excellent customer service that has allowed them to earn a reputation for providing high quality auto care.

What We Like About National Tire & Battery

Long Term Lease, Zero Landlord Responsibilities, Strong Rental Increases In Primary Term, Corporate Guarantee by TBC Corporation

What To Look For When Buying A National Tire & Battery

Can the building be repurposed in the future?

Competition

Good Year, Firestone/Bridgestone

What Is Sold In A National Tire & Battery

Aside from offering a wide selection of nationally branded tires, NTB specializes in Oil Changes, Battery Services, Wiper Blades, Brake Services, Steering & Suspension Services, and Vehicle Inspections.

National Tire & Battery Website

https://www.ntb.com/home

Corporate Office Location

4300 TBC Way – Palm Beach Gardens, FL 33410

Parent Company

NTB is owned by TBC Corporation, one of the largest independent tire and automotive services retailers in the nation.

http://www.tbccorp.com/

National Tire & Battery – News
Stock Price
Tenant News
Average Cap Rate Trend
5.50%
2019
5.75%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,750,000
Avg. Annual Rental Income$160,000
Average Price/ SF$285
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations 12% Every 5 Years
Credit Rating
S & PN/A
Moody'sN/A

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