Net Leased NTB Sold

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased NTB property located at 7000 North Freeway in Fort Worth, Texas for $2,675,000.

The 6,753 square foot building is located on an outparcel in front of The Home Depot and benefits from its position at the exit off Interstate 35 West which experiences over 184,000 vehicles per day. Interstate 35 is a primary thoroughfare for the Fort Worth area and leads directly to downtown. The area features a diverse mix of tenants including Crash Champions, Goodwill, 7-Eleven, Taco Bell, Caliber Car Wash, CareNow, Einstein Bro’s, and others. The property is surrounded by a large population, with over 295,000 residents living within a five-mile radius. The average household income within this radius exceeds $105,000.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was an east-coast based real estate company. The buyer was a Texas-based real estate investor.

National Tire & Battery is a subsidiary of TBC Retail Group. It is headquartered in Juno Beach, Florida and operates more than 730 company-owned stores under the following brands: Tire Kingdom, NTB – National Tire and Battery, and Merchant’s Tire and Auto Centers.

“Nationally recognized brands with corporate guaranties are some of the most sought-after net lease products” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Income tax free states like Texas are hot spots for net lease investors.”

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