Auto Parts

Firestone - Frederickson, WA

5320 176th St E, Tacoma, WA 98446

Listing Price: $5,042,044

Cap Rate
4.50%
Tenant Name
Firestone Complete Auto Care
Years Remaining On Lease
14.9
Gross SF
6,116
Guarantor
Corporate Guarantee
Rentable SF
6,116
Price/Gross SF
$824.40
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.10

Investment Overview

• Brand new 2020 construction | 15-year absolute net corporate lease | 5% rent increases every 5 years • Canyon Road East & 176th Street East is the second most trafficked intersection in Pierce County seeing over 60,000 Cars Per Day • Proposed 336 Unit Apartment building directly across 176th street | Multiple National Tenants at the intersection including: Starbucks, McDonald’s, Taco Bell, Carl’s Jr, AutoZone, and Safeway • Frederickson’s Population has tripled in the past 25 years | from 2,429 Households in 1995 to 9,534 households as of 2019 with multiple new developments underway • Frederickson is a manufacturing Boom Town —a major employment hub that connects central Pierce County to the Port of Tacoma | Sprawling over 2,000 Acres with 7.3 Million Square Feet of industrial and counting | Including: Ikea, Boeing, Whirlpool, Medallion Foods, Niagara Bottling, and many more • Best in class tenant – Investment Grade “A” | Bridgestone/Firestone has over 2,200 stores Nationwide | Ranked #365 on the Fortune 500 list

Investment Highlights

  • Brand new 2021 construction | 15-year absolute net corporate lease | 5% rent increases every 5 years
  • Canyon Road East & 176th Street East is the second most trafficked intersection in Pierce County seeing over 60,000 Cars Per Day
  • Frederickson's Population has tripled in the past 25 years | from 2,429 Households in 1995 to 9,534 households as of 2019 with multiple new developments underway

Exclusively Listed By

  • Kevin Boeve

    Senior Vice President Investments

    (909) 456-3450

    Email Kevin

    License(s): CA: 01247016

    Ontario

  • Kyle P. Blatt

    Associate

    Email Kyle

    License(s): CA: 02017976

    Ontario

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    License(s): WA: 25469

    Washington

Auto Parts

Firestone - Frederickson, WA

Listing Price: $5,042,044

Cap Rate
4.50%
Tenant Name
Firestone Complete Auto Care
Years Remaining On Lease
14.9
Gross SF
6,116
Guarantor
Corporate Guarantee
Rentable SF
6,116
Price/Gross SF
$824.40
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.10

Investment Highlights

  • Brand new 2021 construction | 15-year absolute net corporate lease | 5% rent increases every 5 years
  • Canyon Road East & 176th Street East is the second most trafficked intersection in Pierce County seeing over 60,000 Cars Per Day
  • Frederickson's Population has tripled in the past 25 years | from 2,429 Households in 1995 to 9,534 households as of 2019 with multiple new developments underway

Investment Overview

• Brand new 2020 construction | 15-year absolute net corporate lease | 5% rent increases every 5 years • Canyon Road East & 176th Street East is the second most trafficked intersection in Pierce County seeing over 60,000 Cars Per Day • Proposed 336 Unit Apartment building directly across 176th street | Multiple National Tenants at the intersection including: Starbucks, McDonald’s, Taco Bell, Carl’s Jr, AutoZone, and Safeway • Frederickson’s Population has tripled in the past 25 years | from 2,429 Households in 1995 to 9,534 households as of 2019 with multiple new developments underway • Frederickson is a manufacturing Boom Town —a major employment hub that connects central Pierce County to the Port of Tacoma | Sprawling over 2,000 Acres with 7.3 Million Square Feet of industrial and counting | Including: Ikea, Boeing, Whirlpool, Medallion Foods, Niagara Bottling, and many more • Best in class tenant – Investment Grade “A” | Bridgestone/Firestone has over 2,200 stores Nationwide | Ranked #365 on the Fortune 500 list

Exclusively Listed By

  • Kevin Boeve

    Senior Vice President Investments

    (909) 456-3450

    Email Kevin

    License(s): CA: 01247016

    Ontario

  • Kyle P. Blatt

    Associate

    Email Kyle

    License(s): CA: 02017976

    Ontario

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    License(s): WA: 25469

    Washington

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