The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net lease National Tire & Battery property located at 7808 Preston Road in Frisco, Texas for $3,150,000.<\/p>\n
The 6,759 square foot property net lease National Tire & Battery property is positioned along Preston Road (47,600+ VPD), which is a primary north\/ south thoroughfare. Preston Road is a retail corridor surrounded by a large volume of residential housing. Tenants occupying the corridor include Kroger, ALDI, Walmart, Kohl\u2019s, CVS Pharmacy, McDonald\u2019s, Starbucks, Dunkin\u2019, CubeSmart Self Storage, and Many more. There are 280,656 people living within five miles of the property with an average annual household income of $153,485. Frisco, Texas is 30 miles north of Dallas, Texas, the center of the 4th largest MSA in the United States for population size.<\/p>\n
Today, NTB operates over 600 locations and specializes in fluid services (oil changes, brake fluid exchange, coolant exchange, and transmission fluid exchange), battery services, wiper blades, steering & suspension services, and vehicle inspections. Their parent company, TBC Corporation, also owns Tire Kingdom\u00ae, Big O Tires\u00ae, and Midas\u00ae.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction who was a southwest based institutional real estate investment firm. The buyer was involved in a 1031-exchange and is based out of the southwest.<\/p>\n
\u201cNationally recognized brands with corporate guaranties are some of the most sought-after net lease products\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cIncome tax free states like Texas are hot spots for net lease investors.\u201d<\/p>\n