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Auto Parts

Firestone | Outparcel to Walmart | 13 Year NNN Lease | “A” Credit Tenant

8475 Andermatt Dr, Lincoln, NE 68526

Listing Price: $3,618,000

Cap Rate
5.50%
Tenant Name
Firestone
Years Remaining On Lease
13.1
Guarantor
Corporate Guarantee
Rentable SF
6,262
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.78

Investment Overview

“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

13 YEAR CORPORATE NNN FIRESTONE
• This Firestone opened in March 2022 and signed a 15-Year lease guaranteed by Bridgestone Retail Operations, LLC (Corporate).
• There are approximately 13 years remaining on the lease.
• 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.

OUTPARCEL TO WALMART, SAM’S CLUB & MENARDS
• Located off Hwy 2 (29,050 VPD) and sits as an outparcel to a Walmart Super Center, Sam’s Club, and Menards shopping center.
• Other surrounding national retailers include The Home Depot, Target, Lowe’s Home Improvement, Tractor Supply Starbucks, and more.

AFFLUENT DENSE NE MARKET WITH GROWTH
• The 5 Mile average household income is $109,979.
• There are 102,710 people in a 5 mile radius with 17.68% growth.

LINCOLN | CAPITAL OF NE
• The Subject property is located 8 miles southeast of downtown Lincoln, NE on Hwy 2 (29,050 VPD).
• Lincoln is the capital of NE and is the economic and cultural anchor of a substantially larger metropolitan area in the southeastern part of the state called the Lincoln Metropolitan.
• Prominent industries in Lincoln include finance, insurance, publishing, manufacturing, pharmaceutical, telecommunications, and medical.
• The University of Nebraska is located in Lincoln with 26,079 students enrolled and is the city’s third largest employer.
• In 2013, Lincoln ranked No. 4 on Forbes’ list of the Best Places for Business and Careers, No. 1 on
“NerdWallet’s Best Cities for Job Seekers in 2015 and No. 2 on SmartAsset’s Cities with the Best Work life Balance in 2019.

Investment Highlights

  • "A" Rated Investment Grade Tenant
  • 13 Year Corporate NNN Lease With Increases
  • Outparcel To Walmart, Sam's Club & Menards
  • Affluent Dense Demos | 5-Mile Pop: 102,710 AVG HHI: $109,979
  • High Traffic (29,050 VPD)
  • Lincoln Is The Capital Of NE

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Auto Parts

Firestone | Outparcel to Walmart | 13 Year NNN Lease | “A” Credit Tenant

Listing Price: $3,618,000

Cap Rate
5.50%
Tenant Name
Firestone
Years Remaining On Lease
13.1
Guarantor
Corporate Guarantee
Rentable SF
6,262
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.78

Investment Highlights

  • "A" Rated Investment Grade Tenant
  • 13 Year Corporate NNN Lease With Increases
  • Outparcel To Walmart, Sam's Club & Menards
  • Affluent Dense Demos | 5-Mile Pop: 102,710 AVG HHI: $109,979
  • High Traffic (29,050 VPD)
  • Lincoln Is The Capital Of NE

Investment Overview

“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 13 YEAR CORPORATE NNN FIRESTONE • This Firestone opened in March 2022 and signed a 15-Year lease guaranteed by Bridgestone Retail Operations, LLC (Corporate). • There are approximately 13 years remaining on the lease. • 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. OUTPARCEL TO WALMART, SAM’S CLUB & MENARDS • Located off Hwy 2 (29,050 VPD) and sits as an outparcel to a Walmart Super Center, Sam’s Club, and Menards shopping center. • Other surrounding national retailers include The Home Depot, Target, Lowe’s Home Improvement, Tractor Supply Starbucks, and more. AFFLUENT DENSE NE MARKET WITH GROWTH • The 5 Mile average household income is $109,979. • There are 102,710 people in a 5 mile radius with 17.68% growth. LINCOLN | CAPITAL OF NE • The Subject property is located 8 miles southeast of downtown Lincoln, NE on Hwy 2 (29,050 VPD). • Lincoln is the capital of NE and is the economic and cultural anchor of a substantially larger metropolitan area in the southeastern part of the state called the Lincoln Metropolitan. • Prominent industries in Lincoln include finance, insurance, publishing, manufacturing, pharmaceutical, telecommunications, and medical. • The University of Nebraska is located in Lincoln with 26,079 students enrolled and is the city’s third largest employer. • In 2013, Lincoln ranked No. 4 on Forbes’ list of the Best Places for Business and Careers, No. 1 on “NerdWallet’s Best Cities for Job Seekers in 2015 and No. 2 on SmartAsset’s Cities with the Best Work life Balance in 2019.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

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