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Auto Parts

Tires Plus | Across Walmart Supercenter

5900 Memorial Dr, Stone Mountain, GA 30083

Listing Price: $1,725,000

Cap Rate
7.25%
Tenant Name
Tires Plus
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
6,832
Lease Type
Absolute Net
Rent Per Square Feet
$18.30

Investment Overview

In 1976, Tom Gegax and Donald Gullet, two Shell Oil colleagues, launched Tires Plus with three former Shell service stations in the Burnsville, Minnesota area. In 2001, Tires Plus was acquired by BSRO; today, Tires Plus has more than 5,000 teammates working in 400+ stores in 23 states.
www.tiresplus.com

Bridgestone is a global leader in tires and rubber building on its expertise to provide solutions for safe and sustainable mobility. Headquartered in Tokyo, the company employs approximately 130,000 people globally and conducts business in more than 150 countries and territories worldwide. Bridgestone offers a diverse product portfolio of premium tires and advanced solutions backed by innovative technologies, improving the way people around the world move, live, work and play.
www.bridgestone.com

Investment Highlights

  • 1.16+/- ACRE LOT AT SIGNALIZED INTERSECTION
  • ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITIES
  • RECENT LEASE EXTENSION
  • LOCATED ON MEMORIAL DRIVE | 36,000+ VPD
  • 94,000+ 3-MILE POPULATION | 213,000+ 5-MILE POPULATION
  • DIRECTLY ACROSS FROM WALMART SUPERCENTER

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Auto Parts

Tires Plus | Across Walmart Supercenter

Listing Price: $1,725,000

Cap Rate
7.25%
Tenant Name
Tires Plus
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
6,832
Lease Type
Absolute Net
Rent Per Square Feet
$18.30

Investment Highlights

  • 1.16+/- ACRE LOT AT SIGNALIZED INTERSECTION
  • ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITIES
  • RECENT LEASE EXTENSION
  • LOCATED ON MEMORIAL DRIVE | 36,000+ VPD
  • 94,000+ 3-MILE POPULATION | 213,000+ 5-MILE POPULATION
  • DIRECTLY ACROSS FROM WALMART SUPERCENTER

Investment Overview

In 1976, Tom Gegax and Donald Gullet, two Shell Oil colleagues, launched Tires Plus with three former Shell service stations in the Burnsville, Minnesota area. In 2001, Tires Plus was acquired by BSRO; today, Tires Plus has more than 5,000 teammates working in 400+ stores in 23 states. www.tiresplus.com Bridgestone is a global leader in tires and rubber building on its expertise to provide solutions for safe and sustainable mobility. Headquartered in Tokyo, the company employs approximately 130,000 people globally and conducts business in more than 150 countries and territories worldwide. Bridgestone offers a diverse product portfolio of premium tires and advanced solutions backed by innovative technologies, improving the way people around the world move, live, work and play. www.bridgestone.com

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

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