Goodyear Tire | 55 Year Occupancy
NEW 10 YR EXTENSION | 55 YEARS OF OCCUPANCY | 100th PERCENTILE IN THE STATE PER PLACER AI
Marketing description
Discover a lucrative investment opportunity at GOODYEAR AUTO SERVICE 4106 Coldwater Rd, Fort Wayne, IN 46825. This prime property boasts a 5.75% CAP rate with a $72,000 NOI from a longstanding tenant commitment lasting over 55 years. The tenant, Goodyear, has renewed its lease for an additional decade, backed by The Goodyear Tire & Rubber Company, providing investor security. With a freestanding building spanning 9,624 SF on a 0.75-acre parcel, this double-net lease offers low landlord responsibilities. Strategically located near Glenbrook Square Mall and major retail outlets, this property benefits from traffic counts exceeding 29,500 vehicles daily. Strong demographics include an Average Household Income of $63,276 within a 1-mile radius and a robust population of over 170,000 residents within a 5-mile radius. View this turnkey investment offering stable returns and potential for long-term growth at GOODYEAR AUTO SERVICE 4106 Coldwater Rd, Fort Wayne, IN 46825.
Investment highlights
Double Net (NN) Lease: Landlord is responsible only for roof and structure
Freestanding Building: 9,624 SF situated on a 0.75-acre parcel
Long-Term Tenant Commitment: Goodyear has operated at this location since 1969, demonstrating over 55 years of continuous occupancy
Recent Lease Extension: Tenant recently extended the lease for an additional 10 years
Strong Placer AI Data: This location ranks in the 100th percentile in the state
Corporate Guarantee: Lease is backed by The Goodyear Tire & Rubber Company (NASDAQ: GT), providing added security for investors
Strong Store Sales: Tenant reports healthy sales performance at this location
Average household income within a 1-mile radius exceeds $63,000 and Population of over 170,000 residents within a 5-mile radius
Strong Traffic Counts: Located on N Clinton Street with traffic counts exceeding 29,500 vehicles per day. Subject site near Coliseum Boulevard, which sees over 48,600 vehicles per day
Neighboring tenants include Dick’s Sporting Goods, McDonald’s, CVS, Target, Chipotle, Panera, JCPenney, Five Below, HomeGoods, Ross, Petco, Starbucks, Dollar Tree, Dairy Queen, and more
Directly across from Glenbrook Square Mall, a 1.2 million SF regional shopping center anchored by numerous national brands
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