Property History
Brand New Construction Firestone Complete Auto Care in Staunton, Virginia. The property is next to multiple traffic generators including Walmart, Lowes, and Martin’s. Multiple national tenants along the corridor including Chick-fil-A, McDonald’s, Starbucks, 7-Eleven and many others. Directly behind the property is the Big Sky Apartments with 135 Units. Excellent traffic along with corridor with over 24,000 cars per day.
- Brand New 2024 Construction | 15-Year Absolute-Net Lease with 5% Rental Increases Every 5 Years
- Prime Retail Corridor | Various National Tenants including Walmart, Lowes, McDonald’s, Starbucks, and Chick-fil-A
- Multiple Apartment Complexes in close proximity | Big Sky Apartments (135 Units), Frontier Ridge Apartments (100 Units)
- Walmart ranks in the top third in the Nation | Lowes ranks in the top half of the county | Major traffic generators for the site
- Firestone Complete Auto Care (Bridgestone Retail Operations, LLC) Operates the largest network of company-owned automotive service providers in the world – more than 2,200 tire and vehicle centers across the United States including Firestone Complete Auto Care, Tires Plus, Hibdon Tires Plus, and Wheel Works
- Bridgestone is the Parent company of Firestone Complete Auto Care | Investment Grade Tenant “A” Rating by S&P | Revenue in 2022 Exceeded $31.6 Billion | Bridgestone has been in business since 1931
The subject property is a brand new 2024 construction 5,798 square foot Firestone located in Staunton, Virginia.
Firestone signed a fifteen-year absolute net lease with five, five-year options. Firestone (NYSE:BRDCY), a publicly traded company with an investment grade credit rating of “A” by Standard & Poor’s and has an annual revenue north of $7.1 billion.
- Brand New 2024 Construction | 15-Year Absolute-Net Lease with 5% Rental Increases Every 5 Years
- Prime Retail Corridor | Various National Tenants including Walmart, Lowes, McDonald’s, Starbucks, and Chick-fil-A
- Multiple Apartment Complexes in close proximity | Big Sky Apartments (135 Units), Frontier Ridge Apartments (100 Units)
- Walmart ranks in the top third in the Nation | Lowes ranks in the top half of the county | Major traffic generators for the site
- Firestone Complete Auto Care (Bridgestone Retail Operations, LLC) Operates the largest network of company-owned automotive service providers in the world – more than 2,200 tire and vehicle centers across the United States including Firestone Complete Auto Care, Tires Plus, Hibdon Tires Plus, and Wheel Works
- Bridgestone is the Parent company of Firestone Complete Auto Care | Investment Grade Tenant “A” Rating by S&P| Revenue in 2022 Exceeded $31.6 Billion | Bridgestone has been in business since 1931
Loan History
Financial History
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Contact Information
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Comparable Properties
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