Auto Service - Gas-Conv
Firestone (Rated “A” by S&P) | New 15-Year Absolute NNN
SWC of E Ovilla Rd. & Austin Blvd., Red Oak (Dallas-Forth Worth MSA), TX 75154
Listing Price: $4,996,000
Cap Rate
5.00%
Tenant Name
Firestone
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
6,873
Lease Type
Absolute Net
Rent Per Square Feet
$36.35
Investment Overview
Marcus & Millichap is pleased to present the Firestone in Red Oak, Texas.
Firestone (Rated “A” by S&P) | New 15-Year Absolute NNN
Investment Highlights
- 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
- Investment Grade Credit Tenant with "A" Rating by S&P
- Bridgestone Retail Operations, LLC Operates 2,200+Locations with $4.6 Billion in Revenue
- World's Largest Manufacturer of Tire and Rubber Products
- Brand New High-Quality Construction on 1.03+/- Acres
- Serving Over 161,000 Residents in Rapidly Growing DFW Suburb, 20 Miles South of Downtown Dallas
- Surrounded by Several Residential Developments with Thousands of New Homes Under Construction
- Red Oak is One of the Fastest Growing Cities in Texas, 6%+ Annual Population Growth Rate
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Auto Service - Gas-Conv
Firestone (Rated “A” by S&P) | New 15-Year Absolute NNN
Listing Price: $4,996,000
Cap Rate
5.00%
Tenant Name
Firestone
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
6,873
Lease Type
Absolute Net
Rent Per Square Feet
$36.35
Investment Highlights
- 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
- Investment Grade Credit Tenant with "A" Rating by S&P
- Bridgestone Retail Operations, LLC Operates 2,200+Locations with $4.6 Billion in Revenue
- World's Largest Manufacturer of Tire and Rubber Products
- Brand New High-Quality Construction on 1.03+/- Acres
- Serving Over 161,000 Residents in Rapidly Growing DFW Suburb, 20 Miles South of Downtown Dallas
- Surrounded by Several Residential Developments with Thousands of New Homes Under Construction
- Red Oak is One of the Fastest Growing Cities in Texas, 6%+ Annual Population Growth Rate
Investment Overview
Marcus & Millichap is pleased to present the Firestone in Red Oak, Texas.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
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