Investment Overview

NEW 15 YEAR CORPORATE NNN FIRESTONE • This new 5,798 SF Firestone will have 8 service bays and is scheduled to deliver in August 2023. • The subject property has 15-Year lease guaranteed by Bridgestone Retail Operations, LLC (Corporate). • The lease is absolute NNN and the tenant is responsible for all taxes, insurance, CAM, roof and structure. • There are attractive 5% rental increases every 5 years during the initial lease and each of the five, 5-year option periods. FASTEST GROWING EL PASO SUBURB | 5 MILE POP: 195,226 & 150% GROWTH • This Firestone is located 15 miles Southeast of downtown El Paso, TX. El Paso is located in Western Texas and has a population of 678,815 making it the 6th largest city in Texas and the 22nd largest city in the US. • This store is directly off Interstate 10 (131,254 VPD) on Eastlake Blvd (30,675 VPD). • The 5 Mile Population is 195,226 with nearly 20% growth. The 1 Mile population growth is over 150%. • This Firestone is located 1.5 miles from El Paso Community College that has 26,034 students enrolled. ADJACENT TO NEW 188K SF POWER CENTER & 2.6M SF AMAZON FULFILLMENT CENTER • Eastlake Marketplace, a 188,179 SF Burlington & Ross Anchored Power center that opened in 2020 is adjacent to this Firestone. • This Firestone is an outparcel to a new construction Vista Markets, an El Paso full service grocery chain. Other outparcels include Walgreens, Weststar Bank & Great American Steakhouse. • Other new retail development on Eastlake Blvd includes Whataburger, Chick-fil-A, McDonald’s, Starbucks, Chipotle, Circle K and more. • The Firestone is also adjacent to a 2.6M SF Amazon Fulfillment center than opened in March 2022 and cost $192M to complete. • The Amazon Fulfillment center sits on 115 Acres and has created over 800 new full time jobs in the El Paso Area. • Other distribution centers near the subject property include Coca-Cola & FedEx. TAX FREE STATE • Texas is one of seven states that has no income tax. • Texas also has no estate tax. “A” RATED INVESTMENT GRADE TENANT • The lease is guaranteed by Bridgestone, parent company of Firestone, which is the world’s largest manufacturer of tire and rubber products. • Bridgestone/Firestone has an investment grade credit rating of “A” by S&P, giving it the highest credit rating in the auto-service sector. • Founded in 1900 Firestone is a wholly owned subsidiary of the Bridgestone Retail Operations, LLC, which has four retail brands and over 2,200 locations nationwide. • In 2018, Bridgestone (NYSE: BRDCY) had revenue in excess of $33.1 billion and ranked #365 on the Fortune 500 list.