The Silver Group Sells a National Tire & Battery

Barry Silver, owner of The Silver Group announces the sale of a National Tire & Battery store in Wheeling West Virginia. Greg Cunha had an exclusive agreement to sell the Property and also represented the local investor. The Property consists of a 8,758 sf retail / automotive building on one-third of an acre and had 10.5 years remaining on the lease and 4, 5 year options. Greg negotiated a price of $800,000, or an 8% cap rate to the buyer. National Tire & Battery operates 1,200 locations across the country with revenues over $2.5 billion. "Greg was determined to sell this property and was rewarded for his efforts. The short lease term reduced the pool of Buyers who could buy a new NTB with a 25 year lease" reports Barry Silver.