1683 Mt Pleasant Rd
Mount Pleasant, PA 15666
National Tire & Battery · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this National Tire & Battery property located on Mt Pleasant Road in Mt Pleasant, Pennsylvania. National Tire & Battery executed an absolute-net ground lease with zero landlord responsibilities or expenses making this a completely passive investment property. The property was built new in 2018 at the tenant’s cost and features NTB's newest prototype, illustrating the tenant's commitment to this location and reducing the possibility of relocation in the future. This is a long-term lease, with 13 years remaining in the base term and 3-options to renew, all corporately guaranteed by National Tire & Battery, with over 700 locations. There are also contractual $6,000 rental increases every 5 years in the base term of the lease and in each option to renew. The landlord benefits from a billboard on the property adding an additional $2,400 in passive income annually before percentage rent. National Tire & Battery is strategically located at the signaled corner of Mt Pleasant Rd and Porter Ave, offering access to both roadways and combined traffic counts over 18,000 vehicles per day. The subject property is ideally situated in the middle of the main retail corridor, out positioning competitors and surrounded by national tenants including Walmart, McDonald's, Aldi, Taco Bell, Big Lots, Rite Aid, Dollar Tree, and Tractor Supply to name a few. NTB is also situated at the highway interchange of Hwy-119 and Hwy-819 with combined traffic counts of 31,000 V.P.D. NTB’s low rent, investment into the property and the small price point make this a stable low-risk investment property.