Firestone Complete Auto Care

6809 Maynardville Pike, Knoxville, TN 37918

$4,146,609

Cap Rate 4.35%

Views: 116 DOM: 355 Updated: 08.14.24 Posted: 09.19.23 Status: Active

Summary

Price $4,146,609	Built/Renov 2017	Tenant Firestone Complete Auto Care
Cap Rate 4.35%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 7,700	Lease Start 11-04-2017	#Units 1,700
Price/SF $538.52	Expiration 11-30-2037	Tenant Type Automotive
NOI $180,377	R. Term 13.2	Ownership Fee Simple
Rent/SF $23.43	Increases 7.5%/4/yrs	Pop 5Mi 98,020
Lot/AC 0.91	Options 4/5yrs/7.5%	AHHI 5Mi $85,529

Connor Shell

STREAM Capital Partners

Contact

Lease Highlights

Tenant has 14 years remaining on their primary lease with 4 (5-year) options to extend
Lease features 7.5 % rental increases every 5 years
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease
Income tax free state

Location Description

Firestone is conveniently located along Maynardville Pike, a major thoroughfare that sees in excess of 38,000 vehicles passing by daily. It is positioned in a new development and growing market, with D’s and Bojangles adjacent to the property. Nearby major nationals include Walgreens, Taco Bell, Dollar General, Ace and more, creating a strong consumer drive to the immediate trade area. The...

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Key Features

Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Income tax free state
Population increase trend
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Firestone Complete Auto Care Wikipedia Firestone Tire & Rubber Company Wikipedia Knoxville, Tennessee Zip Code 37918 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Bridgestone Retail Operations, Inc
Guarantor:Corp T and Rated
Company:Bridgestone Corp.
# Units:1,700
Tenant S&P: A
Moody’s: A2
Stock: OTCMKTS: BRDCY

About Tenant

The Firestone Tire & Rubber Company was founded in 1900 in Akron, Ohio by Harvey S. Firestone. The company started by marketing solid rubber tires for carriage wheels. Firestone began opening...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,397	40,653	99,693
2023 Total Population :	5,218	39,767	98,020
2023 Employed Civilian Pop :	2,303	19,424	47,545
2023 Total Businesses :	281	974	2,236
2023 Average Household Income :	$ 68,863	$ 96,967	$ 82,529
2023 Total Consumer Spending :	$ 134 M	$ 1377 M	$ 2951 M
2023 Median Age :	41	43	41
2023 Total Households :	2,239	16,462	41,167
2023 Pop Age 25+: Bachelor's Degree :	398	6,054	14,263
2023 Average Home Value :	$ 248,820	$ 309,458	$ 302,046

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Crippen Road	Maynardville Pike	2022	4,499	0.19 mi
CRIPPEN DR.	Maynardville Pike	2021	4,463	0.19 mi
Maynardville Pike	Crippen Rd	2005	38,878	0.25 mi
Maynardville Pike	Brown Gap Rd	2022	39,259	0.27 mi
US 441	Maynardville Pike	2021	39,563	0.27 mi
Cunningham Road	Crossroads Way	2022	8,958	0.51 mi
Maynardville Pike	Doris Cir	2005	38,800	0.53 mi
Norris Freeway	Norris Fwy	2022	13,476	0.86 mi
Norris Freeway		2005	9,970	0.86 mi
SR-33	Velma Dr	2019	32,168	0.93 mi

Listing Broker

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