

Goodyear Tire and Service Center
Goodyear Tire and Service Center – Investment Opportunity
Marketing description
Colliers | Wisconsin is pleased to exclusively market for sale a single tenant, triple net leased Goodyear Tire and Service Center located in Glendale, Wisconsin. The well maintained building consists of 6,600 square feet and features four auto bays. Goodyear Tire has had over 15 years at this current location, showing commitment to the site. In addition, Goodyear executed an 8-year corporate guaranteed extension with three 5-year options.
The subject property is prominently located within one of Milwaukee's most affluent communities featuring household incomes of over $100,000. Just south of the subject sits Bayshore, a one million square-foot mixed-use shopping center and the primary retail corridor of Glendale (Silver Spring Dr & Port Washington Rd) boasting traffic counts of over 53,000 VPD. The surrounding area has seen exponential growth. Also, just north at Bayshore, Target opened a new 130,000 SF, two-level store, the first of its kind in the Milwaukee area. This is an excellent opportunity to own a single tenant, investment grade asset, with an 8-year NNN lease with minimal landlord responsibilities.
Investment highlights
7-year NNN lease with 5.50% increase in Year 6
Service and necessity based retailer
Well maintained building with great curb appeal and minimal landlord responsibilities
Strong neighboring retail market within Bayshore, a mixed-use retail center
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