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Views: 65 DOM: 70 Updated: 10.12.24 Posted: 10.12.24 Status: Active

Summary

Price $943,000
Built/Renov 1989/1994
Tenant Goodyear
Cap Rate 7.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 5,720
Lease Start 08-01-1989
#Units 950
Price/SF $164.86
Expiration 07-31-2029
Tenant Type Automotive
NOI $66,000
R. Term 4.7
Ownership Fee Simple
Rent/SF $11.54
Increases 0.0%/0/yrs
Pop 5Mi 155,510
Lot/AC 0.91
Options 0/0yrs
AHHI 5Mi $111,274

Lease Highlights

  • Goodyear has been operating at this location for over 25 years and recently renewed their lease for an additional 5 years (until 2029)
  • The tenant has 4+ years remaining on the current lease term with no options to renew
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease (NASDAQ: GT)

Location Description

Goodyear is strategically located on Battleground Avenue, a major thoroughfare with access to 32,500 vehicles passing by daily. The property is surrounded by notable national retailers such as Target, Walmart, Lowe's, Home Depot, Buffalo Wild Wings, and more. Key employers in the vicinity include Honda Aircraft Company, Volvo Group North America, and Cone Health, contributing to the area's...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Goodyear
  • Guarantor:Corp T and Rated
  • Company:Goodyear Tire & Rubber Company
  • # Units:950
  • Tenant S&P: B+
  • Moody’s: B1
  • Stock: NASDAQ: GT

About Tenant

The Goodyear Tire & Rubber Company, founded in 1898, together with its subsidiaries, develops, manufactures, markets, and distributes tires, and related products and services in the U.S. and...


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Listing Broker

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