Firestone Complete Auto Care

3450 S General Bruce Dr
Temple, TX
place offer

Property Details

Net Operating Income
Year Built
Lease Term
Lot Size
1.22 Acres
Building Size
7,609 SQ FT
Lease Structure
Ownership Type
Ground Lease

Investment Details

  • Attractive Long-Term Ground Lease – Recently constructed new 20-Year term with roughly 11.5 years  remaining including Five (5), 5-Year Options
  • Passive NNN Lease Structure – Tenant is responsible for Taxes, Insurance, and Common Area Maintenance making this an ideal investment for investors seeking passive income producing assets
  • Healthy Rental Increases – Beneficial 8% rental increases designated every 5 years including the option period(s): *Please Note: Property is not priced off the July 2023 Increase
  • Prime Build-To-Suit Location – High Quality Brick Construction built specifically for Firestone’s Prototype in 2013
  • Paid Rent in Full – Tenant has paid rent in full at this location throughout the Pandemic demonstrating strong store performance and long-term viability of Operator’s financial capacity
  • Strong Traffic Counts & Hwy Frontage – Property is ideally positioned along Hwy 35 (“Frontage Rd of General Bruce Dr”) that was recently widened (2017 Fiscal Year) and boasts over 120,000 VPD
  • Shopping Center Outparcel – Firestone is strategically outparceled to Bird Creek Crossing Shopping Center that is comprised of approximately 425,000 SF encompassing major retail tenants including: Target, Home Depot, Best Buy, Michaels, Petsmart, Starbucks, CVS, and Spec’s Fine Wines.
  • Minimal Competition – Firestone is one of the few nationally recognized retailers within a 5-Mile radius allowing for strong market share and giving way for profit maximization
  • Ideal Target Market – Average Household Income ranging from $60,000 – $75,000 with a 1,3, and 5-mile radius falling in line with Firestone’s market profile.
  • Strong Investment Grade Credit –Bridgestone Corporation holds an S&P Credit Rating of “A” making them the highest credit rating in the auto-service sector with over $28 Billion in annual revenue for the 2020 Fiscal Year.
  • Nationally Recognized Tenant – Bridgestone Retail Operations operates over 2,200 locations nation-wide include brands comprised of: Firestone Complete Auto Care, GCR Tires & Service, Tires Plus Total Car Care, Hibdon Tires Plus, as well as Wheel Works.
  • Essential Retailer & E-Commerce Proof Tenant – Auto Service/Parts stores have recently labeled as critical infrastructure industries as business operations increased on an industry level performance midst the COVID-19 Global Pandemic Crisis.
asking price
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Chris Laskero