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Firestone

Highway 90 & Keyser Ln., Pace (Pensacola MSA), FL 32571

Listing Price: $3,849,000

Cap Rate
5.00%
Tenant Name
Firestone
Years Remaining On Lease
14.80
Gross SF
6,461
Guarantor
Corporate Guarantee
Rentable SF
6,461
Price/Gross SF
$595.73
Lease Type
Absolute Net
Rent Per Square Feet
$29.78

Investment Overview

Marcus & Millichap is pleased to present the Firestone in Pace (Pensacola MSA), Florida.

Investment Highlights

  • 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
  • Corporate Guaranty from Bridgestone Retail Operations, LLC
  • Firestone is a Fortune 500 Company, Rated 'A' by S&P
  • Brand New 2020 High-Quality Construction
  • Serves Over 147,000 Residents in Growing Santa Rosa County
  • Adjacent to Planned Residential Developments with 400 Homes and 300 Multifamily Units
  • Average Household Income Exceeds $70,000 within 1, 3, and 5 Miles

Exclusively Listed By

Listing Price: $3,849,000

Cap Rate
5.00%
Tenant Name
Firestone
Years Remaining On Lease
14.80
Gross SF
6,461
Guarantor
Corporate Guarantee
Rentable SF
6,461
Price/Gross SF
$595.73
Lease Type
Absolute Net
Rent Per Square Feet
$29.78

Investment Highlights

  • 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
  • Corporate Guaranty from Bridgestone Retail Operations, LLC
  • Firestone is a Fortune 500 Company, Rated 'A' by S&P
  • Brand New 2020 High-Quality Construction
  • Serves Over 147,000 Residents in Growing Santa Rosa County
  • Adjacent to Planned Residential Developments with 400 Homes and 300 Multifamily Units
  • Average Household Income Exceeds $70,000 within 1, 3, and 5 Miles

Investment Overview

Marcus & Millichap is pleased to present the Firestone in Pace (Pensacola MSA), Florida.

Exclusively Listed By

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