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National Tire & Battery, Lynchburg, VA

National Tire & Battery

Lynchburg, Virginia

Price $3,240,000
Cap Rate 5.00%
NOI $162,000
Lease Term 15 Years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2020
Building Size 6,225 SF
Lot Size 1.327 Acres (57,804 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» New 15-year absolute NNN lease to corporate tenant with strong financials and a lease guaranty
» Four (4) option periods of five (5) years each
» 10% rental increases every five (5) years, providing an excellent hedge against inflation
» NNN lease requires no landlord management, ideal for an out-of-area investor
» National Tire & Battery provides a broad range of automotive maintenance and tire services in more than 600 retail locations across the United States

HIGH-TRAFFIC LOCATION IN A DENSELY POPULATED AND GROWING AREA
» Infill location along Wards Road, with excellent visibility and access to 41,000 vehicles per day
» Central location at the confluence of several highly trafficked Virginia thoroughfares, including U.S. Route 501/Lynchburg Expressway (45,000 AADT) and U.S. Route 460/Fort Avenue (22,000 AADT)
» 97,976 residents within a five-mile radius of the property, establishing an extremely large customer base for the site
» Excellent location in a major commuter corridor, with close proximity to several high density single-family developments
» Projected population increase of 4,000 people within five miles of the location in the next five years, poising National Tire & Battery and Lynchburg for significant concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Immediately surrounded by a strong mix of local and national retailers, including Kroger, Belk, Bank of America, J.C. Penney, Northern Tool + Equipment, Chick-fil-A, and more
» One mile from Liberty University, a major Lynchburg community hub and revenue source (110,000 students, 11,725 employees, $1 billion+ annual economic impact)
» Central location near highly attended Lynchburg schools, including Central Virginia Community College, Heritage High School, and Sheffield Elementary School (combined 6,997 students)
» Immediately adjacent to SeaQuest Lynchburg (180,000 annual visitors)
» 4.5 miles from Lynchburg Regional Airport (84,000 annual passengers), increasing traffic to the property



Property Description

The property has a strategic infill location along Wards Road, with excellent visibility and access to 41,000 vehicles per day. The site is also centrally located at the confluence of several highly trafficked Virginia thoroughfares, including U.S. Route 501/Lynchburg Expressway (45,000 AADT) and U.S. Route 460/Fort Avenue (22,000 AADT). The property is located in a densely populated and area, with 97,976 residents living within a five-mile radius of the site. The site maintains an excellent location in a major commuter corridor, with close proximity to several high-density single family developments. National Tire & Battery is also poised to grow along with the location, with a projected population increase of 4,000 people within five miles of the location in the next five years.

The property benefits from its central location near many of the region’s largest employers, retailers, and community hubs. The location is immediately surrounded by a strong mix of local and national retailers, including Kroger, Belk, J.C. Penney, Bank of America, Northern Tool + Equipment, Hobby Lobby, Chick-fil-A, and many more. The location resides one mile from Liberty University, a major Lynchburg community hub and revenue source (110,000 students, 11,725 students). The site benefits from being centrally located near other highly attended Lynchburg schools, including Central Virginia Community College, Heritage High School, and Sheffield Elementary School (combined 6,997 students). The property maintains a beneficial proximity to major tourist attractions and community hubs, including SeaQuest Lynchburg, which experiences 180,000 annual visitors. The location is also 4.5 miles from Lynchburg Regional
Airport (84,000 annual passengers), increasing traffic to the property.

Contact Us About This Property

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