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Auto Parts

Firestone Complete Auto Care

1840 N Lindsay Rd, Mesa (Phoenix), AZ 85213

Listing Price: $4,261,000

Cap Rate
5.75%
Tenant Name
Firestone
Years Remaining On Lease
5.2
Gross SF
8,375
Guarantor
Corporate Guarantee
Rentable SF
8,375
Price/Gross SF
$508.78
Lease Type
Absolute Net
Rent Per Square Feet
$29.25

Investment Overview

Firestone is best known for its range of tires used in passenger vehicles, trucks, and commercial vehicles. The company offers a wide variety of tires, from performance and all-season tires to heavy-duty and agricultural tires. Besides tires, Firestone also provides a variety of automotive services, such as car repairs, maintenance, and alignment, through a network of retail locations called Firestone Complete Auto Care.

Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Investment Highlights

  • Five Years Remaining on Absolute Triple-Net (NNN) Lease
  • 6.25% Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Bridgestone - S&P A-Rated Company with ±2,200 Locations
  • Adjacent to Walmart Neighborhood Market and Surrounded by Other National Retailers: Black Rock Coffee Bar, Walgreens, Bank of America, and More
  • 258,544 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Average Household Income Exceeds $153,000 in the Immediate Area
  • Highly Visible Location Along East McKellips Road (±63,000 Cars per Day at Lindsay Road & McKellips Intersection)
  • Close Proximity to Mountain View High School (±3,420 Students), One of the Largest High Schools in the Phoenix MSA

Exclusively Listed By

  • Chris Lind

    Senior Managing Director Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000, NC: LC1060

    Phoenix

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Columbus

  • Zack House

    Senior Managing Director Investments

    (602) 687-6650

    Email Zack

    License(s): AZ: SA665750000, NC: LC1059

    Phoenix

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Auto Parts

Firestone Complete Auto Care

Listing Price: $4,261,000

Cap Rate
5.75%
Tenant Name
Firestone
Years Remaining On Lease
5.2
Gross SF
8,375
Guarantor
Corporate Guarantee
Rentable SF
8,375
Price/Gross SF
$508.78
Lease Type
Absolute Net
Rent Per Square Feet
$29.25

Investment Highlights

  • Five Years Remaining on Absolute Triple-Net (NNN) Lease
  • 6.25% Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Bridgestone - S&P A-Rated Company with ±2,200 Locations
  • Adjacent to Walmart Neighborhood Market and Surrounded by Other National Retailers: Black Rock Coffee Bar, Walgreens, Bank of America, and More
  • 258,544 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Average Household Income Exceeds $153,000 in the Immediate Area
  • Highly Visible Location Along East McKellips Road (±63,000 Cars per Day at Lindsay Road & McKellips Intersection)
  • Close Proximity to Mountain View High School (±3,420 Students), One of the Largest High Schools in the Phoenix MSA

Investment Overview

Firestone is best known for its range of tires used in passenger vehicles, trucks, and commercial vehicles. The company offers a wide variety of tires, from performance and all-season tires to heavy-duty and agricultural tires. Besides tires, Firestone also provides a variety of automotive services, such as car repairs, maintenance, and alignment, through a network of retail locations called Firestone Complete Auto Care. Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Exclusively Listed By

  • Chris Lind

    Senior Managing Director Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000, NC: LC1060

    Phoenix

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Columbus

  • Zack House

    Senior Managing Director Investments

    (602) 687-6650

    Email Zack

    License(s): AZ: SA665750000, NC: LC1059

    Phoenix

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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