Auto Service - Gas-Conv

Goodyear (NNN Lease)

143 Thompson Rd, Webster, MA 01570

Listing Price: $1,065,000

Cap Rate
6.00%
Tenant Name
Goodyear
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
10,920
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.85

Investment Overview

Marcus & Millichap, as exclusive advisors, are pleased to present for sale a triple net-leased, corporate Goodyear located in Webster, Massachusetts. The tenant has occupied the subject site for more than 30+years and just recently exercised a lease renewal option two years early which extends the existing lease term through 2028 demonstrating further commitment to the site. The subject is a free-standing, 10,920-square foot, single-tenant building situated on 2.39 acres at a hard-corner, signalized intersection. Goodyear is currently operating under a NNN lease and is responsible for common area maintenance, property taxes, and insurance. Landlord’s only responsibilities include the roof & structure. This Goodyear features eight auto service bays, LED lights for night safety, updated window frames and is located directly off of Interstate 395.

Investment Highlights

  • Corporate Fortune 500 Tenant (GT: NASDAQ) With 30+ Years of Operating History At The Subject Site
  • Below Market Rent at $5.85 Per Square Foot
  • 10% Rental Increase In Approximately 2 Years
  • Tenant Just Recently Exercised Lease Renewal Option Early Showing Strong Commitment to Subject Site
  • Hard-corner, Signalized Intersection Located Directly Next To Interstate I-395
  • Limited Market Competition - Only Goodyear Within 20 Miles

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    License(s): MA: 1000303

    Massachusetts

Auto Service - Gas-Conv

Goodyear (NNN Lease)

Listing Price: $1,065,000

Cap Rate
6.00%
Tenant Name
Goodyear
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
10,920
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.85

Investment Highlights

  • Corporate Fortune 500 Tenant (GT: NASDAQ) With 30+ Years of Operating History At The Subject Site
  • Below Market Rent at $5.85 Per Square Foot
  • 10% Rental Increase In Approximately 2 Years
  • Tenant Just Recently Exercised Lease Renewal Option Early Showing Strong Commitment to Subject Site
  • Hard-corner, Signalized Intersection Located Directly Next To Interstate I-395
  • Limited Market Competition - Only Goodyear Within 20 Miles

Investment Overview

Marcus & Millichap, as exclusive advisors, are pleased to present for sale a triple net-leased, corporate Goodyear located in Webster, Massachusetts. The tenant has occupied the subject site for more than 30+years and just recently exercised a lease renewal option two years early which extends the existing lease term through 2028 demonstrating further commitment to the site. The subject is a free-standing, 10,920-square foot, single-tenant building situated on 2.39 acres at a hard-corner, signalized intersection. Goodyear is currently operating under a NNN lease and is responsible for common area maintenance, property taxes, and insurance. Landlord’s only responsibilities include the roof & structure. This Goodyear features eight auto service bays, LED lights for night safety, updated window frames and is located directly off of Interstate 395.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    License(s): MA: 1000303

    Massachusetts

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