NTB Snellville, GA

Investment Offering – $3,551,000

1605 Highway 124 | Snellville, GA 30078

NOI: $177,553 Cap Rate: 5.00%
Lease Term: 25 Remaining Term: 18.5
Lease Type: NNN Building Sq. Ft.: 6,922
Renewal Options: Three (3), Five (5) Year Options


  • Absolute Triple Net Lease Structure provides for a passive, management free income stream
    Long-Term Lease with over 18 years remaining on original 25-year base lease term
    Cumulative capped CPI based Rent Increases every 5 years (max 12%) provide for a growing income stream and a hedge against inflation
    Strong Credit Tenant, Lease Guarantor, TBC Corporation ($3.2 Billion in sales), is one of the nation’s largest vertically integrated marketers of tires which dominates both retail and wholesale sectors of the market. TBC Corporation, which consists of company-operated retail stores under various brands; NTB, Tire Kingdom, Merchant’s Tire and Auto Centers and Big O Tire stores. Together, the company operates more than 1,200 locations in 42 states. This lease also carries a separate guarantee with parent company Sumitomo Corporation of America rated ‘A-’ by Standard & Poor’s.
    The tenant’s industry has a strong positive long-term growth forecast.
    Excellent location with approximately 177,000 people within 5 miles with average household income levels of $83,629. Expected growth is 10% plus over next 5 years in this area.
    Situated on a signalized corner outparcel to Lowe’s Home Improvement store, diagonal to the Super Walmart center and along Scenic Highway with a combined traffic count of over 40,000 VPD
    The property has excellent visibility and access.


P: 646.791.0818

P: 310.774.3790


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