Listed by Northmarq - Chicago
$4,195,000
Goodyear Tire & Rubber Company
Details
APN D08N-000004-00000
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 65,550
Cap Rate 7.44%
NOI $312,254
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 8.2
Lease Expiration 12/31/2031
Remaining Term 5.6
Price per SqFt $64
Year Built 2000
Acreage 6.000
Investment Type Net Lease
Lease Commencement 11/01/2023
Industrial | 7.44% CAP | 65,550 SqFt
Marketing description
Northmarq is pleased to present a rare opportunity to acquire a Goodyear Auto Service Center located in Pearl, Mississippi (the “Property”). The Property is subject to an NN lease. The lease features triennial 2.00% rent increases during the primary term and the option periods, providing stable and predictable income growth throughout the investment horizon. Goodyear is responsible for all taxes, insurance, and maintenance, including roof and structure, ensuring a highly passive ownership profile.
Investment highlights
- Industry Leading, Publicly Traded Operator with Significant Scale (NASDAQ: GT)
- Conveniently Located Near to Mississippi’s Largest Outlet Mall
- Proximity to Jackson State University, Built-In Customer Base
- 18K+ Direct Vehicle Visibility w/ Excellent Connectivity
- Large Scale Site with Operational Flexibility
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,254.00
$26,021.17/mo
Valuation Metrics
0
DSCR
7.44%
Cap Rate
7.44%
ROI
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