Bridgestone/Firestone


Property ID #: 17983
Tenant Name: Bridgestone/Firestone
Street Address:
City: Tacoma
State: WA
Zip: 98446

COMPANY DESCRIPTION

Bridgestone/Firestone Inc. operates over 2,200 locations and sells tires for passenger, light truck, bus, construction, mining, agricultural, motorcycle, and kart applications. Bridgestone, parent company of Firestone, is one of the largest tire retailers in the world. Bridgestone makes an attractive net lease tenant because they operate in a business that is relatively internet proof, have strong credit, and have rental increases during the lease term. The tire and auto service industry is in a strong position to excel into the future. While cars may change, the need for tires and service will not. Bridgestone was founded in 1931 by Shojiro Ishibashi in Japan. Bridgestone expanded to become Japan’s largest tire manufacturer. In 1988, Bridgestone acquired Firestone Tire & Rubber Company to transform into one of the largest tire and rubber companies in the world.

Sector: Automotive

FINANCIAL PROFILE

Price: $5,042,044
NOI:
Cap Rate: 4.50
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): A

LEASE ABSTRACT

Lease Type: NNN
Years Remaining: 15
Initial Term Increases: 5% Every Five (5) Years
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options: 5
Option Increases:
Rent Holidays:

PROPERTY OVERVIEW

Type of Ownership:
Year Built: 2021
Year Remodeled :
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 6
Lot AC :

DEMOGRAPHICS

Population
1-Mile:
3-Mile:
5-Mile:
Average Household Income
1-Mile: 0.00
3-Mile: 0.00
5-Mile: 0.00

INFORMATION REQUEST

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