national tire battery corp nnn lease - loopnet · investment real estate associates office 16501...

I R E A

N a t i o n a l T i r e & B a t t e r y

CORP NNN LeaseNorcross, GA

Representative Photo

INVESTMENT REAL ESTATE ASSOCIATES

OFFICE16501 Ventura Blvd. Suite 448Encino, CA 91436Phone: 818.386.6888Fax: 818.386.2805

www.irea.com

I R E A




Chris ThompsonExecutive Vice President(818) [email protected]

INVESTMENT ADVISORS

TEAM & TABLE OF CONTENTS | 3

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Property Summary

Area Map

Context Maps

Tenant Profile

Highlights

Financials

Contents

17Demographics

NTB - IREA

Property Type:Single Tenant Corp. NNN Lease

Address: 6100 Jimmy Carter BoulevardNorcross, GA 30071

Tenants: National Tire & Battery

Rentable Area:11,700 Sq Ft | Land Area: 1.10 Acres

Parking: Surface: 67+/- Spaces

Built: 1993

Overview

PROPERTY HIGHLIGHTS | 5

HighlightsPrime Retail Location

Strategically located in an upscale office and retail location Just 18 miles north of Atlanta region.

Corporate GuaranteeNational Tire & Battery is guaranteed by

TBC Corporation, one of the nation’s largest distributors of automotive tires and a subsidiary of Sumitomo Corporation of America (S&P: A-)

Affluent DemographicsThe area has a five mile population of 260,000

and an average household income of over $72,000 within five mile.

High Traffic LocationImpressive traffic counts in excess of 46,000 cars per

day along Jimmy Carter Blvd.

Rental Increases & Options Rent escalations every five years, next bump scheduled for 2020. Four 5 year options with

rental bumps.

Well-Maintained PropertyFreestanding structure build in 1993 with clean/

well-marked parking and signage.

NTB - IREA

Corporate-backed NNN with 8+ years remaining on base lease and rental escalations every 5 years + options.

IREA is pleased to offer for sale to qualified investors, the opportunity to purchase a free-standing National Tire & Battery property located at 6100 Jimmy Carter Blvd. Norcross, GA 30071. NTB (TBC Corporation) is operating under a corporate NNN lease with 8+ years remaining. The lease is due for a rent escalations in 2020 and 2025 thereafter. There are four 5 year option with similar rental increases.

NTB is strategically in an upscale office and retail location. Major tenants in the immediate area include Delta Faucets, DeWalt Factory Outlet, Ross Tool, AutoZone, Wendy’s, QuikTrip Gas Station/ Convenience Store, Sonic, O’Reilly Auto Parts, Valero Gas, and Waffle House to name a few. The Country Inn is located one block to the south, which is across from a Sonic drive thru. Just to the south of the site is the Brook Hollow Village Shopping Center which is anchored by Syms department store and Pier One Imports.

The site is located in the northeast quadrant of metropolitan Atlanta, just off the I-85 in Gwinnett County. It is considered one of the best submarkets for investments because of its continued growth and diversity. The property also features impressive traffic counts in excess of 50,000 cars per day along Jimmy Carter Blvd and over 250 CPD on I-85.

The Offering

PROPERTY SUMMARY | 7

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I R E A



Representative PhotoNTB - IREA

National Tire & Battery operates under the TBC Retail Group, a network of 800+ tire and automotive service centers under the brands: NTB, Tire Kingdom, Merchant’s Tire & Auto, and Big O Tires. Together there are more than 1,200 locations in 41 states, plus Washington DC, Alberta & British Columbia and Canada.

NTB is an industry-leading tire retailer that specializes in tire and battery replacement as well as offering many enhanced mechanical services. The combination of fast, expert service, huge tire selection, state of the art equipment and an unending commitment to customer service has allowed NTB to earn a reputation for providing high quality auto care. NTB offers a wide selection of nationally branded tires.

NTB is owned by TBC Corporation, one of the largest independent tire and automotive services retailers in the nation. TBC Corporation is one of the nation’s largest marketers and distributors of tires for the automotive replacement market. TBC Corporation was purchased in 2005 by Sumitomo Corporation (S&P “A” rated) and is now their largest wholly-owned subsidiary.

Corporate Profi le

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Property Type: Net Lease Auto RepairParent Company: TBC CorporationOwnership: PrivateHeadquarters: Palm Beach Gardens, Florida (TBC)Website:: www.ntb.comNumber of locations: 1,200 Nationwide (TBC)

TENANT PROFILE | 9

Site

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NTB - IREA

Site

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45K CPD

Jim

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Car

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Blv

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50K CPD

CPD - Cars Per Day

AREA MAP | 11

Downtown Atlanta

Sandy Springs

North Atlanta

18 Miles

9 Miles

13 Miles

Subject Property

50K CPD

Sonic Drive-In

SunTrust Bank

Valero Gas

Waffle House

Subject Property

HD Supply(national industrial distributor)

Context MapCPD - Cars Per Day

Eagle Rock StudiosTV & Filming Studios

QuickTrip Gas

Wendy’s

AutoZone

Extended Stay Hotel50K CPD

Jimm

y Carter Blvd

NTB - IREA

Public Storage

Norcross Triangle

O’Reilly Auto Parts

SecurCare Self Storage

Norcross Triangle(shopping center)

NorthbeltBusiness Park

45K CPD

75K CPD

9K CPD

Jimm

y Carter Blvd

N Norcross Tucker Rd

CONTEXT MAP | 13

Financial Summary

NTB - IREA

NTB by Supreme Commander Thompson

Purchase Price: $2,806,000 Lease Begin: 9/19/05

Down Payment: 100% $2,806,000 Lease Expire: 9/30/25 (8+ Yrs. Remaining)

Approx. Lot Size: 47,916 (1.10 Acres)

CAP Rate: 6.3% Net Square Feet: 11,700

Cash on Cash Return: 6.3% Year Built: 1993

Cap Rate$175,414 Current to 9/30/2020 6.25%$189,447 10/1/2020 to 9/30/2024 6.75%$204,603 10/1/2024 to 9/30/2025 7.29%

Annual Rents

Property Adstract

Notes

There are four 5-year options with similar increases

Financial Indicators

Information deemed reliable, but not guaranteed.

Property to be delivered free of debt.

NTB by Supreme Commander Thompson

Purchase Price: $2,806,000 Lease Begin: 9/19/05

Down Payment: 100% $2,806,000 Lease Expire: 9/30/25 (8+ Yrs. Remaining)

Approx. Lot Size: 47,916 (1.10 Acres)

CAP Rate: 6.3% Net Square Feet: 11,700

Cash on Cash Return: 6.3% Year Built: 1993

Cap Rate$175,414 Current to 9/30/2020 6.25%$189,447 10/1/2020 to 9/30/2024 6.75%$204,603 10/1/2024 to 9/30/2025 7.29%

Annual Rents

Property Adstract

Notes

There are four 5-year options with similar increases

Financial Indicators

Information deemed reliable, but not guaranteed.

Property to be delivered free of debt.

Highlights

FINANCIALS | 15

Located Just 18 Miles North of Atlanta Region

Four 5 Year Options w/ Rental Increases

Investment Highlights

Population has Grown by Over 12 Percent Since 2000

Corp. NNN Lease w/ 8+ Years Remaining on Base Term

Affluent Region w/ Average Household Income Exceeding $71,425

Population Density Exceeds 250,000 Within a Five‐Mile Radius

Rent Escalations Every Five Years, Next Bump in 2020

Highly Traffic Count Location w/ 46,000 Cars Per Day


INVESTMENT REAL ESTATE ASSOCIATES

OFFICE16501 Ventura Blvd. Suite 448Encino, CA 91436Phone: 818.386.6888Fax: 818.386.2805

www.irea.com

Chris ThompsonExecutive Vice President(818) [email protected]

INVESTMENT ADVISORS

I R E A

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Demographic and Income Profile6100 Jimmy Carter Blvd, Norcross, Georgia, 30071 Prepared by EsriRing: 1 mile radius Latitude: 33.92360

Longitude: -84.21462

Summary Census 2010 2017 2022Population 7,333 8,136 8,771Households 2,096 2,304 2,475Families 1,468 1,590 1,696Average Household Size 3.50 3.53 3.54Owner Occupied Housing Units 892 854 914Renter Occupied Housing Units 1,204 1,450 1,562Median Age 28.7 30.1 30.5

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 1.51% 1.03% 0.83%Households 1.44% 1.01% 0.79%Families 1.30% 0.92% 0.71%Owner HHs 1.37% 0.99% 0.72%Median Household Income 1.37% 2.05% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 403 17.5% 421 17.0%$15,000 - $24,999 413 17.9% 421 17.0%$25,000 - $34,999 420 18.2% 404 16.3%$35,000 - $49,999 400 17.4% 384 15.5%$50,000 - $74,999 335 14.5% 363 14.7%$75,000 - $99,999 133 5.8% 186 7.5%$100,000 - $149,999 167 7.2% 247 10.0%$150,000 - $199,999 26 1.1% 37 1.5%$200,000+ 7 0.3% 11 0.4%

Median Household Income $32,412 $34,699Average Household Income $43,732 $50,448Per Capita Income $12,439 $14,289

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 819 11.2% 812 10.0% 862 9.8%5 - 9 582 7.9% 751 9.2% 771 8.8%10 - 14 485 6.6% 626 7.7% 737 8.4%15 - 19 463 6.3% 514 6.3% 612 7.0%20 - 24 709 9.7% 599 7.4% 639 7.3%25 - 34 1,529 20.9% 1,542 19.0% 1,432 16.3%35 - 44 1,191 16.2% 1,339 16.5% 1,461 16.7%45 - 54 781 10.7% 897 11.0% 1,008 11.5%55 - 64 494 6.7% 617 7.6% 677 7.7%65 - 74 194 2.6% 326 4.0% 409 4.7%75 - 84 66 0.9% 88 1.1% 135 1.5%

85+ 20 0.3% 26 0.3% 30 0.3%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 2,603 35.5% 2,633 32.4% 2,705 30.8%Black Alone 1,019 13.9% 1,277 15.7% 1,515 17.3%American Indian Alone 89 1.2% 82 1.0% 75 0.9%Asian Alone 917 12.5% 1,089 13.4% 1,231 14.0%Pacific Islander Alone 3 0.0% 3 0.0% 3 0.0%Some Other Race Alone 2,368 32.3% 2,656 32.6% 2,792 31.8%Two or More Races 334 4.6% 395 4.9% 450 5.1%

Hispanic Origin (Any Race) 4,379 59.7% 4,867 59.8% 5,219 59.5%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

July 19, 2017

©2017 Esri Page 1 of 6



AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

18

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2017 Household Income 2017 Household Income

<$15K17.5%

$15K - $24K17.9%

$25K - $34K18.2%

$35K - $49K17.4%

$50K - $74K14.5%

$75K - $99K5.8%

$100K - $149K7.2%

$150K - $199K1.1%

$200K+0.3%

2017 Population by Race2017 Population by Race

Perc

ent

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2017 Percent Hispanic Origin: 59.8%


July 19, 2017




Summary Census 2010 2017 2022Population 94,008 103,316 110,235Households 31,457 34,032 36,141Families 20,037 21,382 22,555Average Household Size 2.99 3.04 3.05Owner Occupied Housing Units 12,274 11,667 12,230Renter Occupied Housing Units 19,183 22,365 23,912Median Age 29.3 30.2 30.2



<$15,000 4,665 13.7% 4,796 13.3%$15,000 - $24,999 4,945 14.5% 4,856 13.4%$25,000 - $34,999 5,137 15.1% 4,845 13.4%$35,000 - $49,999 5,582 16.4% 5,234 14.5%$50,000 - $74,999 6,718 19.7% 7,134 19.7%$75,000 - $99,999 2,924 8.6% 3,879 10.7%$100,000 - $149,999 2,601 7.6% 3,467 9.6%$150,000 - $199,999 873 2.6% 1,122 3.1%$200,000+ 587 1.7% 807 2.2%



0 - 4 10,102 10.7% 9,999 9.7% 10,611 9.6%5 - 9 7,626 8.1% 8,866 8.6% 9,116 8.3%10 - 14 5,960 6.3% 7,361 7.1% 8,107 7.4%15 - 19 5,653 6.0% 6,456 6.2% 7,330 6.6%20 - 24 8,315 8.8% 8,283 8.0% 9,232 8.4%25 - 34 21,024 22.4% 20,488 19.8% 20,127 18.3%35 - 44 15,088 16.0% 16,711 16.2% 17,393 15.8%45 - 54 10,319 11.0% 11,418 11.1% 12,232 11.1%55 - 64 5,893 6.3% 7,725 7.5% 8,537 7.7%65 - 74 2,577 2.7% 4,112 4.0% 5,096 4.6%75 - 84 1,128 1.2% 1,456 1.4% 1,945 1.8%

85+ 323 0.3% 442 0.4% 508 0.5%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 35,374 37.6% 35,270 34.1% 35,281 32.0%Black Alone 21,488 22.9% 26,150 25.3% 30,037 27.2%American Indian Alone 1,093 1.2% 988 1.0% 921 0.8%Asian Alone 9,100 9.7% 11,071 10.7% 12,600 11.4%Pacific Islander Alone 116 0.1% 134 0.1% 143 0.1%Some Other Race Alone 22,745 24.2% 24,940 24.1% 25,914 23.5%Two or More Races 4,093 4.4% 4,761 4.6% 5,340 4.8%



July 19, 2017




AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2


20172022


Perc

ent

18

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K13.7%

$15K - $24K14.5%

$25K - $34K15.1%

$35K - $49K16.4%

$50K - $74K19.7%

$75K - $99K8.6%

$100K - $149K7.6%

$150K - $199K2.6%

$200K+1.7%


Perc

ent

30

25

20

15

10

5




July 19, 2017




Summary Census 2010 2017 2022Population 238,206 260,379 277,154Households 82,960 89,556 94,914Families 54,706 58,362 61,492Average Household Size 2.87 2.90 2.92Owner Occupied Housing Units 41,191 40,231 42,259Renter Occupied Housing Units 41,769 49,324 52,655Median Age 31.5 32.4 32.7



<$15,000 9,718 10.9% 9,964 10.5%$15,000 - $24,999 10,586 11.8% 10,345 10.9%$25,000 - $34,999 11,306 12.6% 10,577 11.1%$35,000 - $49,999 13,277 14.8% 12,299 13.0%$50,000 - $74,999 16,664 18.6% 17,228 18.2%$75,000 - $99,999 9,060 10.1% 11,494 12.1%$100,000 - $149,999 10,334 11.5% 12,754 13.4%$150,000 - $199,999 4,334 4.8% 5,128 5.4%$200,000+ 4,276 4.8% 5,125 5.4%



0 - 4 22,333 9.4% 21,954 8.4% 23,217 8.4%5 - 9 18,345 7.7% 20,610 7.9% 20,899 7.5%10 - 14 15,312 6.4% 18,262 7.0% 19,700 7.1%15 - 19 14,514 6.1% 16,241 6.2% 18,122 6.5%20 - 24 18,508 7.8% 19,389 7.4% 20,832 7.5%25 - 34 45,912 19.3% 45,484 17.5% 46,377 16.7%35 - 44 38,010 16.0% 39,992 15.4% 41,078 14.8%45 - 54 29,981 12.6% 31,819 12.2% 33,226 12.0%55 - 64 19,825 8.3% 24,702 9.5% 26,670 9.6%65 - 74 9,341 3.9% 14,282 5.5% 17,386 6.3%75 - 84 4,681 2.0% 5,696 2.2% 7,435 2.7%

85+ 1,444 0.6% 1,950 0.7% 2,210 0.8%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 108,425 45.5% 108,330 41.6% 107,978 39.0%Black Alone 48,192 20.2% 58,123 22.3% 66,430 24.0%American Indian Alone 2,220 0.9% 2,064 0.8% 1,982 0.7%Asian Alone 26,839 11.3% 33,685 12.9% 39,188 14.1%Pacific Islander Alone 254 0.1% 298 0.1% 317 0.1%Some Other Race Alone 43,271 18.2% 47,219 18.1% 49,192 17.7%Two or More Races 9,005 3.8% 10,660 4.1% 12,066 4.4%



July 19, 2017




AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2


20172022


Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K10.9%

$15K - $24K11.8%

$25K - $34K12.6%

$35K - $49K14.8%

$50K - $74K18.6%

$75K - $99K10.1%

$100K - $149K11.5%

$150K - $199K4.8%

$200K+4.8%


Perc

ent

40

35

30

25

20

15

10

5




July 19, 2017


Traffic Count Map - Close Up6100 Jimmy Carter Blvd, Norcross, Georgia, 30071 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 33.92360


Source: ©2017 Kalibrate Technologies

July 19, 2017


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