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Auto Service - Gas-Conv

Tires Plus (Bridgestone)

20170 Iberia Ave, Lakeville, MN 55044

Listing Price: $4,068,844

Cap Rate
4.85%
Tenant Name
Tires Plus (Bridgestone)
Years Remaining On Lease
15.2
Gross SF
6,262
Guarantor
Corporate Guarantee
Rentable SF
6,262
Price/Gross SF
$649.77
Lease Type
Absolute Net
Rent Per Square Feet
$31.51

Investment Overview

BRAND NEW 2021 CONSTRUCTION TIRES PLUS FEATURING A 15-YEAR ABSOLUTE NNN LEASE GUARANTEED BY BRIDGESTONE CORPORATE (S&P: "A")

Investment Highlights

  • Brand New High-Quality 2021 Construction with Seven Service Bays
  • Brand New 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
  • Corporate Guarantee by Bridgestone Retail Operations, LLC
  • Strategically Located with Excellent Visibility and Access
  • Affluent Demographics with an Avg HH Income of $138, 018 within a 3 Mile Radius
  • Located in High-Growth Minneapolis Submarket

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Auto Service - Gas-Conv

Tires Plus (Bridgestone)

Listing Price: $4,068,844

Cap Rate
4.85%
Tenant Name
Tires Plus (Bridgestone)
Years Remaining On Lease
15.2
Gross SF
6,262
Guarantor
Corporate Guarantee
Rentable SF
6,262
Price/Gross SF
$649.77
Lease Type
Absolute Net
Rent Per Square Feet
$31.51

Investment Highlights

  • Brand New High-Quality 2021 Construction with Seven Service Bays
  • Brand New 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
  • Corporate Guarantee by Bridgestone Retail Operations, LLC
  • Strategically Located with Excellent Visibility and Access
  • Affluent Demographics with an Avg HH Income of $138, 018 within a 3 Mile Radius
  • Located in High-Growth Minneapolis Submarket

Investment Overview

BRAND NEW 2021 CONSTRUCTION TIRES PLUS FEATURING A 15-YEAR ABSOLUTE NNN LEASE GUARANTEED BY BRIDGESTONE CORPORATE (S&P: "A")

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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