721 SW H K Dodgen Loop
Temple, TX 76502
NNN Ground Lease to Discount Tire · Retail Property For Sale

The property being offered for sale is a fee simple interest in a single tenant NNN ground leased to Discount Tire and located in Temple, Texas. The lease originated in 2006 and is currently in the first option period and includes five remaining options of five years each with a 5% rental increase in each option period. Discount Tire is privately owned by the Reinalt-Thomas Corporation and operates over 925 Discount Tire and America's Tire stores in 31 states. The company employs over 17,000 people and generated approximately $15 million in revenue (2015). The property is located in Temple, Texas, approximately 60 miles north of Austin and 120 miles south of Dallas/Fort Worth. This dominant location along the HK Dodgen Loop and as an outparcel to the Temple Mall provides excellent access to the trade areas population of over 450,000 people and strong traffic counts of 54,000 vehicles per day along the HK Dodgen Loop. Area retailers include Lowe's Home Improvement, Wal-Mart,, Sam's Club, Walgreens, CVS, Kohl's, Beall's, Pier 1 Imports and the anchor tenants of the Temple Mall of JC Penney, Dillard's and Macy's.