Firestone

10407 Folsom Boulevard
Rancho Cordova, CA
place offer

Property Details

Available
Net Operating Income
$142,448
Year Built
1971
Lease Term
N/A
Lot Size
0.89 Acres
Building Size
8,000 SQ FT
Lease Structure
NN
Ownership Type
Fee Simple
Options
(3) - 5 Year Options

Investment Details

RECENT EXTENSION

Firestone recently exercised an option to extend the lease accepting a 15% Increase in rent

5.5 YEARS REMAINING INCLUDING MULTIPLE, FIVE (5) YEAR OPTIONS
EXCELLENT INFLATION HEDGE

Above market fixed 15% increases every option – 3x the 5% increases offered in new firestone BTS leases

AFFORDABLE RENTAL RATE

30% below market rent of under $18/sf is believed to be 30-40% below market for auto service centers in the area

CORPORATE LEASE

Bridgestone Carries an A2 Credit Rating ranked by Moody’s

LONG STANDING TRACK RECORD OF PERFORMANCE

This location has served the community for over 50 Years

STRONG RESIDUAL DEMAND FOR AUTO USE PROPERTY

Significant barrier to entry as new conditional use permits allowing auto service use are extremely difficult to obtain

RETAIL NNN LEASE PROPERTY

Landlord has minimal responsibilities limited to exterior elements including roof, structure & parking lot

REPORTED STORE SALES

Strong current and historical sales trends * inquire with broker for details

HEALTHY RENT TO SALES RATIO WELL WITHIN INDUSTRY AVERAGES
HIGH VOLUME CAPACITY WITH 13 SERVICE BAYS
asking price
$ 2,848,960
cap rate
5.00%

Contact Us

Dalton Barnes
925-234-1772
License #01984625 (CA) #738521(TX)