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Auto Service - Gas-Conv

Tires Plus | Bridgestone Corporate Absolute NNN

4681 GA-40, St. Marys, GA 31558

Listing Price: $2,735,000

Cap Rate
7.00%
Tenant Name
Bridgestone Retail Operations, LLC
Years Remaining On Lease
4.3
Gross SF
13,500
Guarantor
Corporate Guarantee
Rentable SF
13,500
Price/Gross SF
$202.59
Lease Type
Absolute Net
Rent Per Square Feet
$14.18

Investment Overview

Marcus & Millichap is pleased to present “the property” known as Tires Plus in St Marys, Georgia. Strategically positioned along Georgia Highway 40 with approximately 240 feet of highway frontage on a thoroughfare with 18,500 vehicles per day, the property benefits from excellent visibility along a heavily trafficked corridor. The 13,500+/- square foot, twelve-bay building, was originally constructed in 1989 with significant renovations in 2007. The lease is backed by Bridgestone Retail Operations, LLC (“Tenant”) who has successfully operated out of the location since 1998. Bridgestone Americas is the operator of the largest network of company owned auto service providers in the United States with over 2,200 stores.

Investment Highlights

  • Absolute NNN - Zero Landlord Responsibilities
  • 4.5 Years Remaining on Base Term with Three Additional Five-Year Options
  • 10% Rental Increases Every Five Years
  • 12 Bay Store with Low Rent PSF

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Auto Service - Gas-Conv

Tires Plus | Bridgestone Corporate Absolute NNN

Listing Price: $2,735,000

Cap Rate
7.00%
Tenant Name
Bridgestone Retail Operations, LLC
Years Remaining On Lease
4.3
Gross SF
13,500
Guarantor
Corporate Guarantee
Rentable SF
13,500
Price/Gross SF
$202.59
Lease Type
Absolute Net
Rent Per Square Feet
$14.18

Investment Highlights

  • Absolute NNN - Zero Landlord Responsibilities
  • 4.5 Years Remaining on Base Term with Three Additional Five-Year Options
  • 10% Rental Increases Every Five Years
  • 12 Bay Store with Low Rent PSF

Investment Overview

Marcus & Millichap is pleased to present “the property” known as Tires Plus in St Marys, Georgia. Strategically positioned along Georgia Highway 40 with approximately 240 feet of highway frontage on a thoroughfare with 18,500 vehicles per day, the property benefits from excellent visibility along a heavily trafficked corridor. The 13,500+/- square foot, twelve-bay building, was originally constructed in 1989 with significant renovations in 2007. The lease is backed by Bridgestone Retail Operations, LLC (“Tenant”) who has successfully operated out of the location since 1998. Bridgestone Americas is the operator of the largest network of company owned auto service providers in the United States with over 2,200 stores.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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