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Auto Parts

Firestone NNN Lease Corporate Guarantee

6350 N State Rd 7, Coconut Creek, FL 33073

Listing Price: $5,800,000

Cap Rate
4.83%
Tenant Name
Firestone Tire
Years Remaining On Lease
4.6
Guarantor
Corporate Guarantee
Rentable SF
4,966
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.41

Investment Overview

Marcus & Millichap is pleased to present for sale this Firestone Complete Auto Care located at 6350 N State Rd 7 Coconut Creek, FL. The properties consist of 8,584 square feet of gross leasable The property is leased to BFS Retail & Commercial Operations, LLC, a subsidiary of Bridgestone Americas, Inc. The initial 20 year fee simple absolute NNN lease is on it’s 15th year, expiring on November 30th 2026, with four 5-year renewal options. The property is situated on State Road 7 with 84 feet of frontage, a dedicated turn lane, full street level visibility to 58,253 vehicles per day, and multiple points of ingress/egress through the shopping center. It’s just off the entrance/exit ramp to the Sawgrass Expressway, with 89,00 vehicles per day. State Road 7 in Coconut Creek is a dense retail corridor, home to leading national tenants including BJs, Starbucks, Publix, Walmart Supercenter, Kohl’s, Chick-fil-A, CVS, Home Depot, Marriott, and many more. Seminole Casino Coconut Creek and Florida’s Turnpike are less than 1-mile away. Interstate 95 is less than 2-miles away. The location offers access to a dense population of 345,923 within a 15-minute drive. The submarket offers consumer spending behavior to support the property’s retail operations, with $785 million in annual spending on transportation and maintenance within a 5-mile radius. Bridgestone Americas, Inc. operates the largest network of company-owned automotive service providers in the world — nearly 2,200 tire and vehicle service centers across the United States — including Firestone Complete Auto Care™, Tires Plus™, and Wheelworks™ store locations.

Investment Highlights

  • Bridgestone Operates the Latest Network of Company- Owned Automotive Service Centers in the World
  • Corporate Guaranteed Absolute NNN Lease S&P "A" Rating
  • Affluent Area: Average Household Income Exceeds $123,000 in a One Mile Radius
  • Dedicated Turn Lane & Multiple Points of Ingress/Egress via Shopping Center
  • Nearby Casino, i95, Florida's Turnpike, Schools, Hotels, Apartment Buildings, and More

Exclusively Listed By

Financing By

Auto Parts

Firestone NNN Lease Corporate Guarantee

Listing Price: $5,800,000

Cap Rate
4.83%
Tenant Name
Firestone Tire
Years Remaining On Lease
4.6
Guarantor
Corporate Guarantee
Rentable SF
4,966
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.41

Investment Highlights

  • Bridgestone Operates the Latest Network of Company- Owned Automotive Service Centers in the World
  • Corporate Guaranteed Absolute NNN Lease S&P "A" Rating
  • Affluent Area: Average Household Income Exceeds $123,000 in a One Mile Radius
  • Dedicated Turn Lane & Multiple Points of Ingress/Egress via Shopping Center
  • Nearby Casino, i95, Florida's Turnpike, Schools, Hotels, Apartment Buildings, and More

Investment Overview

Marcus & Millichap is pleased to present for sale this Firestone Complete Auto Care located at 6350 N State Rd 7 Coconut Creek, FL. The properties consist of 8,584 square feet of gross leasable The property is leased to BFS Retail & Commercial Operations, LLC, a subsidiary of Bridgestone Americas, Inc. The initial 20 year fee simple absolute NNN lease is on it’s 15th year, expiring on November 30th 2026, with four 5-year renewal options. The property is situated on State Road 7 with 84 feet of frontage, a dedicated turn lane, full street level visibility to 58,253 vehicles per day, and multiple points of ingress/egress through the shopping center. It’s just off the entrance/exit ramp to the Sawgrass Expressway, with 89,00 vehicles per day. State Road 7 in Coconut Creek is a dense retail corridor, home to leading national tenants including BJs, Starbucks, Publix, Walmart Supercenter, Kohl’s, Chick-fil-A, CVS, Home Depot, Marriott, and many more. Seminole Casino Coconut Creek and Florida’s Turnpike are less than 1-mile away. Interstate 95 is less than 2-miles away. The location offers access to a dense population of 345,923 within a 15-minute drive. The submarket offers consumer spending behavior to support the property’s retail operations, with $785 million in annual spending on transportation and maintenance within a 5-mile radius. Bridgestone Americas, Inc. operates the largest network of company-owned automotive service providers in the world — nearly 2,200 tire and vehicle service centers across the United States — including Firestone Complete Auto Care™, Tires Plus™, and Wheelworks™ store locations.

Exclusively Listed By

Financing By

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