Silver Sells 23rd Tire Kingdom

The Silver Group has represented the buyer and seller of a new Tire Kingdom located in North Carolina. Tire Kingdom's parent company is TBCC, the same owner of National Tire & Battery stores. Barry Silver has sold 23 NTB and TK properties on behalf of his clients. The Property consists of a 8,065 sf retail building sits on a 2 acre parcel of land near Charlotte. The property came with a 20 year absolute net lease with rent increases. The buyer was involved with a tax deferred exchange and was seeking a 6% leveraged return after debt. After considering a number of other properties the buyer was convinced that this property provided the safety and return he was seeking.