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Views: 117 DOM: 282 Updated: 09.15.24 Posted: 12.11.23 Status: Active

Summary

Price $4,624,320
Built/Renov 2024
Tenant Firestone Complete Auto Care
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 6,578
Lease Start 03-01-2024
#Units 1,700
Price/SF $703.00
Expiration 02-28-2039
Tenant Type Automotive
NOI $231,216
R. Term 14.5
Ownership Fee Simple
Rent/SF $35.15
Increases 5.0%/5/yrs
Pop 5Mi 73,641
Lot/AC 1.12
Options 5/5yrs/5%
AHHI 5Mi $149,073

Lease Highlights

  • Brand-new 2024 construction
  • Firestone Complete Auto Care recently signed a brand-new 15-year lease with 5 (5-year) options
  • Lease features 5% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Firestone Complete Auto Care is strategically located at the hard corner intersection of Myers Road & Simpson Road, with a combined daily traffic count of 30,000 vehicles. Adjacent to Walmart Neighborhood Market, ranking in the top 14% of all grocers nationwide, the property enjoys a prime location. Additionally, it is conveniently situated near the signalized corner of E Osceola Parkway, with...

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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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Listing Broker

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