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Views: 63 DOM: 74 Updated: 09.20.24 Posted: 09.20.24 Status: Active

Summary

Price $3,724,000
Built/Renov 2010
Tenant Goodyear
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 6,870
Lease Start 02-01-2010
#Units 950
Price/SF $542.07
Expiration 07-31-2034
Tenant Type Automotive
NOI $223,440
R. Term 9.8
Ownership Fee Simple
Rent/SF $32.52
Increases 5.3%/5/yrs
Pop 5Mi 149,247
Lot/AC 0.76
Options 2/5yrs/10%
AHHI 5Mi $178,239

Lease Highlights

  • Goodyear has been operating in this location since 2010
  • The tenant has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features a 5.26% rental increase in 2029, 10% at the beginning of each option period
  • Corporate guaranteed lease | Limited landlord responsibilities 

Location Description

Goodyear is strategically located on Bethelview Road, with access to 17,900 vehicles passing by daily. The property is within walking distance of The Collection at Forsyth, as well as a proposed mixed-use development that will include a Chick-fil-A, gas station, four additional drive-thru businesses, retail, office buildings, the newly developed Gatherings at Herrington condos, among others....

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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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