Goodyear

8881 Samuel Barton Drive, Belleville, MI 48111

$2,150,000

Cap Rate 7.76%

Views: 138 DOM: 319 Updated: 11.06.24 Posted: 02.06.24 Status: Active

Summary

Price $2,150,000	Built/Renov 2014	Tenant Goodyear
Cap Rate 7.76%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 28,830	Lease Start 05-01-2014	#Units 950
Price/SF $74.58	Expiration 04-30-2026	Tenant Type Automotive
NOI $166,812	R. Term 1.4	Ownership Fee Simple
Rent/SF $5.79	Increases 0.0%/0/yrs	Pop 5Mi 43,706
Lot/AC 3.18	Options 0/0yrs	AHHI 5Mi $55,778

Lease Highlights

Goodyear has been operating in this location since 1989
The tenant has 2+ years remaining on its current lease term
Favorable NN+ lease with landlord responsibilities limited to roof & structure
Corporate guaranteed lease (NASDAQ: GT)

Location Description

Goodyear is strategically located on Samuel Barton Drive within a prime industrial corridor. The property enjoys a convenient location just to the north of the heavily traveled I-94 & I-275. Additionally, the site shares a border with an industrial park that hosts the Fortune 500 automotive giant, Visteon Corp. With numerous suppliers nearby, there is a significant volume of truck traffic in...

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Key Features

Build to suit
In location for years
Strategically located
Freeway close
Highway close
Top 100 MSA
Favorable NN+ lease
Corporate Guarantee

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Links

Goodyear Wikipedia Goodyear Wikipedia Belleville, Michigan Zip Code 48111 Broker Site Page

Maps

Local Information

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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,360	30,001	106,046
2023 Total Population :	2,370	30,360	107,459
2023 Employed Civilian Pop :	1,149	15,488	54,002
2023 Total Businesses :	61	842	2,534
2023 Average Household Income :	$ 84,624	$ 94,738	$ 99,876
2023 Total Consumer Spending :	$ 70 M	$ 1053 M	$ 3828 M
2023 Median Age :	33	39	40
2023 Total Households :	961	12,755	44,220
2023 Pop Age 25+: Bachelor's Degree :	223	3,927	16,129
2023 Average Home Value :	$ 200,155	$ 214,820	$ 238,935

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Tyler Rd	I- 275	2002	979	0.28 mi
Tyler Rd	I- 275	2012	8,913	0.28 mi
I- 275	Tyler Rd	2017	94,651	0.35 mi
Haggerty Rd	Coolidge	2009	10,034	0.51 mi
Tyler Road	Lakeshore Dr	2022	2,913	0.52 mi
Tyler Rd	Van Buren	2011	6,669	0.63 mi
S I 275	I- 275	2021	19,234	0.72 mi
Ecorse Rd	I- 275	2010	16,917	0.74 mi
Haggerty Rd	Haggerty Rd	2021	23,384	0.75 mi
Ecorse Road	Kirkridge St	2022	23,407	0.75 mi

Listing Broker

Peter Block

Colliers

Contact

6 Listings
959 Views
2 Sold

Christian Pera

Colliers

Contact

5 Listings
717 Views
2 Sold

Peter Block

Clients appreciate my consultative real estate approach and lean on more than 35 years of industry experience. As an executive vice president, I lead Colliers International’s Chicago-based, four-member retail investment practice group. In the most recent calendar year, our team bought or sold 70 properties. These were sales of single tenant net lease investments and multi-tenant shopping centers. I serve as the chairman of Colliers NNN investment practice and have transacted record-settin

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Christian Pera

Christian is a Senior Associate with Colliers Chicago-based Net Lease Investment team. Led by industry veteran Peter Block, the team assists clients across the country in the disposition and acquisition of single-tenant retail assets. In addition to general sales Christian’s primary focus is properties within the major retail sector such as QSRs, Automotive, Pharmacy, Dollar Stores, etc. Christian has a exceptional talent at A trusted advisor for the retail industry, Christian and his team

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