Auto Parts
Firestone | Across from Walmart & Lowe’s
6038 University Pkwy, Winston-Salem, NC 27105
Listing Price: $5,328,000
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
Listing Price: $5,328,000
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