Cap Rate
5.00%
Year Built
2024
Leasable Area
6,262 SF
Term Remaining
±15 Yrs
NOI
$252,998
Property Type
Retail
LEAD LISTING AGENT
Email
[email protected]
License No.
01839132 (CA)
Direct
+1 (747) 877-8169
Mobile
+1 (323) 432-0030
INVESTMENT HIGHLIGHTS
- 2024 Built-to-Suit High Quality Construction for Firestone
- The lease features a corporate guarantee from Bridgestone who is the world’s largest manufacturer of tire and rubber products.
- 5% rental increases every five years including option periods
- Brand new 15 year corporately guaranteed lease with five, 5 year options
- Firestone boasts the highest credit rating in the Auto Service Sector with an investment grade credit rating of A (S&P) and had over $30B in reported revenue in 2023.
- Firestone was founded in 1900 and now has ±2,200 locations nationwide
- Heath, OH is part of the Columbus, OH MSA and has 5-mile population of 71,000 ± residents and a above average annual household income of approximately $100,000
- Located adjacent to Newark and just outside the Columbus MSA making this a highly trafficked market and location.
- The property is located along a major retail corridor including national tenants such as: Walmart Supercenter, Lowe’s Home Improvement, Olive Garden, Raising Cane’s, Target, Verizon, Panera Bread, as well as several hotels and Heath High School and Middle School
Broker of Record
- Kyle Matthews
- License No. REC.2022007141 (OH)
- 866 889 0550
- Matthews Real Estate Investment Services, Inc
- 950 Main Ave.,
Suite 510, Cleveland, OH 44113