Firestone Complete Auto Care
40+ Yr Occupancy & New 10-Yr Extension | A-Rated ABS NNN in Prime Power Retail Corridor
Marketing description
is pleased to offer for sale to qualified investors the opportunity to purchase a single-tenant Firestone Complete Auto Care property located at 288 Queen Street in Southington, Connecticut. The Property consists of a 5,978-square-foot automotive service facility situated on 2.11 acres, leased to Bridgestone Retail Operations, LLC under an absolute NNN ground lease with no landlord responsibilities. The tenant has operated at this location for 40+ years, demonstrating exceptional long-term performance, and recently exercised a ten-year lease extension. The lease now runs through October 31, 2035, providing ten years of remaining primary term with three additional fiveyear renewal options. The lease features 10 percent rental increases every five years through the primary term and first two renewal options, followed by a fair market value adjustment in the third option period, offering investors stable, inflation-protected income backed by one of the world’s leading automotive service and tire companies.
Investment highlights
40-Year Operating History with Recently Extended Long-Term Absolute NNN Ground Lease
Long-Term, Passive Income with Recently Exercised Extension.
Prime Retail Corridor Within the Hartford Metropolitan Area
Positioned along Queen Street, Southington’s Dominant Retail Corridor and Surrounded by National Anchors.
Supported by Major Employers and Year-Round Economic Drivers
Including Hartford HealthCare, Webster Bank, and ICU Medical, and Lake Compounce and Mount Southington Ski Area.
Robust Development and Economic Growth Strengthening the Market
Approved a 17K-SF Expansion for Uyemura USA, a Major Chemical Manufacturing Company.
Backed by Bridgestone, the World’s Largest Tire and Rubber Company
1,800 Firestone Complete Auto Care Locations Nationwide.
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