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Views: 161 DOM: 466 Updated: 11.22.24 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 12.11
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

Lease Highlights

  • Tenant has 13+ years remaining on their primary lease with 4 (5-year) options to extend
  • Lease features 7.5 % rental increases every 5 years
  • Absolute NNN lease | 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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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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