Property details
BFS Retail and Commercial, Southeast Region
Property Description
BFS Retail and Commercial Operations located in a Corporate Park. Tenant is a Subsidiary of Bridgestone operating over 2500 facilities nationwide.
GCR Tire Centers are complete tire products stores located all over North America. There are as many as two hundred locations in the United States and Canada all strategically placed to provide products and services via commercial locations, retail stores, tire recapping facilities, and a wheel manufacturing plant. GCR offers a large variety of products from the world’s leading manufacturers including Bridgestone, Firestone, Dayton, and many others as well. Inventories include passenger, light, medium, large trucks, forestry, heavy equipment, off road, earthmover tires, farm tires,
rubber tracks and wheels.
GCR Tire Centers provide 24 hour, 7 days a week service for trucks and equipment and are prepared to service their customer's total tire related needs wherever and whenever they occur, both night and day.
The site is situated in a booming metropolis of a major MSA. This retail property is located within a well dominated retail and corporate/industrial district with abounding growth. The retail pad site location is one of many new trade area projects as it is strategically located less than 1 mile West of a Interstate.
There are a number of retailers already taking advantage of this high traffic area (from a 1 to 7 mile radius), some of which include: Comfort Inn, Quick Mart – Citgo, 7-Eleven Food Stores, another Citgo, Papa John’s Pizza, Burger King, McDonald’s, Bank of America East, Wendy’s, KFC, Popeye’s Chicken, Domino’s Pizza, Pep Boys, Wal-Mart Supercenter, Costco, and Subway Sandwiches.
Images
Highlights
- Status:
- Available
- Price:
- $2,928,000
- PSF:
- $244
- Cap Rate:
- 6.75%
- Annual Rent:
- $197,640
- Rent Increases:
- 10% increase every five years
Property Information
- Building Size:
- 12,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Auto Parts - Repair
- Units/Spaces:
- 1
- Year Built:
- 2009
- Land Area:
- 2.15 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- BFS Retail and Commercial
- Lease Type:
- NN
- Lease Commencement:
- 1/1/2009
- Lease Expiration:
- 7/1/2024
- Lease Term:
- 15 years
- Years Remaining:
- 15 years
- Landlord Responsibilities:
- Roof, Structure and Utility lines outside and serving the building.
- Options:
- Four 5 year options
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.