Firestone | Joliet, IL
Retail | 6.00% CAP | 7,653 SqFt
Marketing description
Firestone Complete Auto Care – Joliet, Illinois
This 7,653-square-foot Firestone Complete Auto Care was a build-to-suit completed in 2008 for the tenant and continues to serve as a highly visible, well-established auto service destination. The property sits on 2521 Plainfield Road in Joliet, Illinois, a major commercial corridor with strong traffic counts and excellent surrounding retail synergy.
Firestone recently renewed its lease for an additional five years, demonstrating continued commitment to this proven location. The tenant has no remaining renewal options, offering investors a clear timeline and potential for future rent growth or repositioning.
As a subsidiary of Bridgestone Corporation—one of the world’s largest tire and rubber companies—Firestone represents a stable, investment-grade tenant operating in a recession-resistant and largely internet-proof industry. The combination of a strong national brand, strategic location, and durable construction makes this an attractive, low-maintenance net lease asset within the thriving Joliet market.
Investment highlights
Long-Term, Established Tenant
Built-to-suit for Firestone Complete Auto Care in 2008, the property has operated successfully for over 15 years, demonstrating long-term tenant stability and performance at this location.
Recent Lease Renewal
Firestone recently renewed its lease for an additional 5 years, reflecting continued commitment to this high-performing site. The tenant has no remaining renewal options, providing ownership with potential upside at lease expiration.
Investment-Grade Corporate Guarantee
Firestone is a subsidiary of Bridgestone Corporation, the world’s largest tire and rubber company, carrying an ‘A’ credit rating from S&P—offering investors strong, investment-grade security.
Recession-Resistant, Internet-Proof Industry
Automotive maintenance and tire services remain essential and largely insulated from e-commerce disruption—supporting consistent performance across economic cycles.
Strategic, High-Visibility Location
Situated at 2521 Plainfield Road in Joliet, IL, the property benefits from excellent frontage, strong traffic counts, and proximity to major retailers and dense residential neighborhoods.
Passive, Low-Management Asset
Ideal for investors seeking stable income with minimal landlord responsibilities, typical of Firestone’s net lease structure.
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