Firestone Complete Auto Care

2849 Myers Road, Kissimmee, FL 34743

$4,624,320

Cap Rate 5.00%

Views: 178 DOM: 376 Updated: 10.06.24 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 14.2	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

Bryan Bender

Fortis Net Lease

Contact

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 increases every 5 years throughout the initial term and at the start of each option
Absolute NNN lease | 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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Key Features

New construction
Dense retail corridor
WalMart out-parcel
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Traded and rated company

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Links

Firestone Complete Auto Care Wikipedia Firestone Tire & Rubber Company Wikipedia Kissimmee, Florida Zip Code 34743 Broker Site Page

Maps

Local Information

1 Mile
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5 Miles

Tenant

Tenant: Firestone Complete Auto Care
Guarantor:Corp T and Rated
Company:Bridgestone Retail Operations, LLC
# 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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Listing Broker

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