Credit Rating: S&P: A
Ticker: TSE: TYO
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.