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Auto Service - Gas-Conv

Goodyear

1583 Island Ln, Fleming Island, FL 32003

Listing Price: $2,236,000

Cap Rate
4.55%
Tenant Name
The Goodyear Tire & Rubber Company
Years Remaining On Lease
7.9
Guarantor
Corporate Guarantee
Rentable SF
5,668
Lease Type
Double Net
Rent Per Square Feet
$17.93

Investment Overview

Marcus & Millichap is pleased to offer for sale this Goodyear located in Fleming Island, FL. Goodyear has been at this site since 2000 and extended its lease by an additional 10 years in 2019. The NN lease is corporate guaranteed by The Goodyear Tire & Rubber Company. The subject property is ideally located on the main retail corridor Surrounded by national tenants including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy’s, Panera Bread, and more. Fleming Island is a highly affluent area with the average household income of $127,669 within one mile. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • NN Lease - Landlord Only Responsible for Roof, Structure, and Parking Lot
  • Corporate Guaranteed Lease by The Goodyear Tire & Rubber Company
  • Recent 10-Year Lease Extension - Goodyear has been at this site since 2000 and extended its lease by an additional 10 years in 2019.
  • Ideally Located in Main Retail Corridor - Surrounded by national tenants including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy's, Panera Bread, and more!
  • Affluent Area - Average Household Income: $127,669 (one-mile) | $123,334 (three-mile) | $108,621 (five-mile)
  • Florida - Income Tax Free State & Massive Population Migration

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Goodyear

Listing Price: $2,236,000

Cap Rate
4.55%
Tenant Name
The Goodyear Tire & Rubber Company
Years Remaining On Lease
7.9
Guarantor
Corporate Guarantee
Rentable SF
5,668
Lease Type
Double Net
Rent Per Square Feet
$17.93

Investment Highlights

  • NN Lease - Landlord Only Responsible for Roof, Structure, and Parking Lot
  • Corporate Guaranteed Lease by The Goodyear Tire & Rubber Company
  • Recent 10-Year Lease Extension - Goodyear has been at this site since 2000 and extended its lease by an additional 10 years in 2019.
  • Ideally Located in Main Retail Corridor - Surrounded by national tenants including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy's, Panera Bread, and more!
  • Affluent Area - Average Household Income: $127,669 (one-mile) | $123,334 (three-mile) | $108,621 (five-mile)
  • Florida - Income Tax Free State & Massive Population Migration

Investment Overview

Marcus & Millichap is pleased to offer for sale this Goodyear located in Fleming Island, FL. Goodyear has been at this site since 2000 and extended its lease by an additional 10 years in 2019. The NN lease is corporate guaranteed by The Goodyear Tire & Rubber Company. The subject property is ideally located on the main retail corridor Surrounded by national tenants including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy’s, Panera Bread, and more. Fleming Island is a highly affluent area with the average household income of $127,669 within one mile. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

Financing By

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