Discount Tire NNN Property For Sale — Temple, TX
721 SW HK Dodgen Loop, Temple, TX 76502
This investment offers strong corporate credit with a lease guaranteed by The Reinalt-Thomas Corporation, the parent company of Discount Tire, which operates over 900 locations in 29 states. The property benefits from stable income and ease of management due to an absolute NNN Ground Lease with over 4 years remaining and five renewal options, each with 5% rental increases. There are no landlord responsibilities, and the property features a low rental rate. Strategically located as an outparcel to the Temple Mall, which sees over 9 million visitors annually, the site boasts a dense population base with strong projected growth and high average household incomes. The area also benefits from high traffic counts, ensuring excellent visibility and accessibility.
- Address: 721 SW HK Dodgen Loop, Temple, TX 76502
- Asking price $1.31M
- 6.50% cap rate
- NOI $85,294
- 4 years remaining
- NNN lease
Asset type: Retail