Auto Service - Gas-Conv
Firestone | 15-Year Absolute NNN | Adjacent to Walmart | Rapidly Growing Area
5008 Troup Hwy, Tyler, TX 75707
Listing Price: $4,655,000
Cap Rate
5.05%
Tenant Name
Firestone
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
6,769
Lease Type
Absolute Net
Rent Per Square Feet
$34.73
Investment Overview
Marcus & Millichap is pleased to present the Firestone in Tyler, TX.
Firestone | 15-Year Absolute NNN | Adjacent to Walmart | Rapidly Growing Area
Investment Highlights
- 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
- Investment Grade Credit Tenant (Rated "A" 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, No Landlord Responsibilities
- Serving Over 100,000 Residents in Rapidly Growing Trade Area
- Tyler MSA is One of the Fastest-Growing Metro Areas in Texas
- Average Household Income Exceeds $96,000 in 3 Miles and $93,000 in 5 Miles
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 | 15-Year Absolute NNN | Adjacent to Walmart | Rapidly Growing Area
Listing Price: $4,655,000
Cap Rate
5.05%
Tenant Name
Firestone
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
6,769
Lease Type
Absolute Net
Rent Per Square Feet
$34.73
Investment Highlights
- 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
- Investment Grade Credit Tenant (Rated "A" 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, No Landlord Responsibilities
- Serving Over 100,000 Residents in Rapidly Growing Trade Area
- Tyler MSA is One of the Fastest-Growing Metro Areas in Texas
- Average Household Income Exceeds $96,000 in 3 Miles and $93,000 in 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the Firestone in Tyler, TX.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
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