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Auto Parts

Firestone | Across from Walmart & Lowe’s

6038 University Pkwy, Winston-Salem, NC 27105

Listing Price: $5,328,000

Cap Rate
4.85%
Tenant Name
Firestone
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
6,262
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.27

Investment Overview

DENSE RETAIL POCKET ACROSS FROM A TOP PERFORMING WALMART & LOWE’S HOME IMPROVEMENT
• This Firestone is located in the center of a dense retail pocket surrounded by over 5M square feet of retail including Walmart, Sams Club, Lowe’s Home Improvement, Home Depot, Target, and more.
• The Walmart Supercenter and Lowe’s Home Improvement across from this Firestone are strong performers. The Walmart ranks in the top 30% in North Carolina within the chain and the Lowe’s ranks in the top 13% nationally.
• The subject property is off Highway 52 (54,500 VPD) on University Parkway (25,000 VPD). An Interstate 75 exit (45,600 VPD) is also only 3 miles away from this Firestone.
• There is 4M square feet of industrial/office space within a 1 miles radius of this Firestone including Hanes Headquarters (11,000 employees)

WINSTON SALEM, NC | PIEDMONT TRIAD REGION WITH 1.7M RESIDENTS
• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and High Point, NC.
• Winston-Salem is the second-largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 251,350.
• Winston-Salem is home to the corporate headquarters of BB&T, Hanesbrands, Inc., Krispy Kreme Doughnuts, Inc., Lowes Foods Stores, and many more.
• Winston-Salem is also home to 6 colleges and universities including Wake Forest University.
• Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem.

15 YEAR NNN LEASE WITH INCREASES | CORPORATELY GUARANTEED BY BRIDGESTONE
• This new 6,262 SF Firestone sits on 1.18 acres and has 7 service bays. This store is currently under construction and rent is scheduled to commence in April 2026.
• Subject property has a 15 Year NNN lease corporately guaranteed by Bridgestone Ret
• The lease is absolute NNN, and the tenant is responsible for roof, structure, parking lot, taxes, insurance and utilities.There are attractive 5% rental increases every 5 years during the initial lease and each of the five, 5-year option periods.

“A” RATED INVESTMENT GRADE TENANT (BRIDGESTONE RETAIL OPERATIONS, LLC)
• 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 autoservice 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 2023, Bridgestone (NYSE: BRDCY) had revenue in excess of $28.7 billion and ranked #250 on the Fortune 500 list.

Investment Highlights

  • DENSE RETAIL POCKET ACROSS FROM A TOP PERFORMING WALMART & LOWE'S HOME IMPROVEMENT
  • WINSTON SALEM, NC | PIEDMONT TRIAD REGION WITH 1.7M RESIDENTS
  • 15 YEAR NNN LEASE WITH INCREASES | CORPORATELY GUARANTEED BY BRIDGESTONE
  • "A" RATED INVESTMENT GRADE TENANT (BRIDGESTONE RETAIL OPERATIONS, LLC)

Exclusively Listed By

Broker of Record

  • Charles Gallagher

    Senior Director, Market Leader- Washington D.C./Virgina/Maryland

    (704) 831-4600

    License(s) NC: 351471

    North Carolina

Auto Parts

Firestone | Across from Walmart & Lowe’s

Listing Price: $5,328,000

Cap Rate
4.85%
Tenant Name
Firestone
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
6,262
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.27

Investment Highlights

  • DENSE RETAIL POCKET ACROSS FROM A TOP PERFORMING WALMART & LOWE'S HOME IMPROVEMENT
  • WINSTON SALEM, NC | PIEDMONT TRIAD REGION WITH 1.7M RESIDENTS
  • 15 YEAR NNN LEASE WITH INCREASES | CORPORATELY GUARANTEED BY BRIDGESTONE
  • "A" RATED INVESTMENT GRADE TENANT (BRIDGESTONE RETAIL OPERATIONS, LLC)

Investment Overview

DENSE RETAIL POCKET ACROSS FROM A TOP PERFORMING WALMART & LOWE’S HOME IMPROVEMENT • This Firestone is located in the center of a dense retail pocket surrounded by over 5M square feet of retail including Walmart, Sams Club, Lowe’s Home Improvement, Home Depot, Target, and more. • The Walmart Supercenter and Lowe’s Home Improvement across from this Firestone are strong performers. The Walmart ranks in the top 30% in North Carolina within the chain and the Lowe’s ranks in the top 13% nationally. • The subject property is off Highway 52 (54,500 VPD) on University Parkway (25,000 VPD). An Interstate 75 exit (45,600 VPD) is also only 3 miles away from this Firestone. • There is 4M square feet of industrial/office space within a 1 miles radius of this Firestone including Hanes Headquarters (11,000 employees) WINSTON SALEM, NC | PIEDMONT TRIAD REGION WITH 1.7M RESIDENTS • The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and High Point, NC. • Winston-Salem is the second-largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 251,350. • Winston-Salem is home to the corporate headquarters of BB&T, Hanesbrands, Inc., Krispy Kreme Doughnuts, Inc., Lowes Foods Stores, and many more. • Winston-Salem is also home to 6 colleges and universities including Wake Forest University. • Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem. 15 YEAR NNN LEASE WITH INCREASES | CORPORATELY GUARANTEED BY BRIDGESTONE • This new 6,262 SF Firestone sits on 1.18 acres and has 7 service bays. This store is currently under construction and rent is scheduled to commence in April 2026. • Subject property has a 15 Year NNN lease corporately guaranteed by Bridgestone Ret • The lease is absolute NNN, and the tenant is responsible for roof, structure, parking lot, taxes, insurance and utilities.There are attractive 5% rental increases every 5 years during the initial lease and each of the five, 5-year option periods. “A” RATED INVESTMENT GRADE TENANT (BRIDGESTONE RETAIL OPERATIONS, LLC) • 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 autoservice 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 2023, Bridgestone (NYSE: BRDCY) had revenue in excess of $28.7 billion and ranked #250 on the Fortune 500 list.

Exclusively Listed By

Broker of Record

  • Charles Gallagher

    Senior Director, Market Leader- Washington D.C./Virgina/Maryland

    (704) 831-4600

    License(s): NC: 351471

    North Carolina

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