Now Open | New Firestone | Martinsville, VA
Prime Retail Corridor | Signalized Corner | Investment Grade Tenant
Marketing description
Firestone Complete Auto Care – Brand-New 15-Year NNN – Martinsville, VA
Perched along West Commonwealth Boulevard in Martinsville, Virginia, this brand-new 2026 construction Firestone Complete Auto Care offers investors a long-term, passive, and necessity-based net-lease opportunity backed by an investment-grade global platform.
The 6,607 SF purpose-built auto-care facility is secured by a 15-year absolute NNN lease, with the tenant responsible for roof and structure, delivering truly hands-off ownership and durable cash flow from day one. The offering is priced at $5,473,180 at a 5.00% cap rate, supported by $273,659 in annual NOI and 5% rent increases every five years throughout the base term and each of the five, five-year renewal options.
Firestone Complete Auto Care operates under Bridgestone’s U.S. retail platform, aligning the asset with the scale, brand recognition, and investment-grade credit profile of Bridgestone Corporation (Moody’s A1, S&P A, JCR AA). As a provider of tires, maintenance, and repair services, Firestone benefits from recurring, needs-based demand tied to vehicle ownership and routine service cycles, making it a compelling hedge through economic cycles.
The property is strategically located on West Commonwealth Boulevard, one of the area’s primary retail and commuter corridors with approximately 15,895 vehicles per day, and is surrounded by a strong lineup of national co-tenants including Popeyes, ALDI, NAPA, Comfort Inn, and other daily-needs retailers. This cluster enhances traffic synergy and reinforces the corridor as a dominant retail node for Martinsville and the surrounding Henry County area.
Martinsville–Henry County functions as a regional hub near the North Carolina border, with a combined population of roughly 62,000, a 27,000+ person labor force, and a diversified employer base that includes DuPont, Eastman Performance Films, the City of Martinsville, and the County of Henry. In addition, Martinsville Speedway, Philpott Lake, and broader regional recreation contribute to $78.2M in 2024 visitor spending, adding episodic tourist demand on top of the local customer base.
Within a 5-mile radius, the trade area captures more than 33,000 residents with average household income up to $66,207, supporting a solid day-to-day customer profile for an auto-service use. This demographic scale, combined with the property’s access, visibility, and corridor position, underpins a compelling long-term story for investors seeking stable cash flow, built-in rent growth, and investment-grade tenancy in a single-tenant net lease format.
Investment highlights
- Brand-New 2026 Construction
- Purpose-built 6,607 SF Firestone Complete Auto Care delivering in 2026, designed specifically for modern auto-service operations on a 1.20-acre parcel.
- Long-Term NNN Lease with Zero Landlord Responsibilities
- 15-year absolute NNN lease with tenant responsible for roof and structure, providing truly passive income and minimizing landlord management obligations.
- Attractive Yield with Contractual Rent Growth
- Priced at $5,473,180 with a 5.00% cap rate and $273,659 NOI, with 5% rent increases every five years throughout the base term and each of the five, five-year options.
- Investment-Grade Backed Tenant
- Firestone Complete Auto Care operates under Bridgestone’s U.S. retail platform, supported by Bridgestone Corporation’s investment-grade credit profile (Moody’s A1, S&P A, JCR AA), aligning the asset with a strong global parent.
- Necessity-Based, Recession-Resilient Use
- Auto service, tires, and repair are needs-based services tied to recurring maintenance cycles and vehicle ownership, supporting performance across economic cycles.
- Dominant Retail Corridor Location
- Positioned along West Commonwealth Boulevard, a key Martinsville retail artery with approximately 15,895 VPD, surrounded by complementary national retailers including Popeyes, ALDI, NAPA, Comfort Inn, and other daily-needs operators.
- Healthy Trade Area Fundamentals
- The 5-mile radius captures over 33,000 residents with rising average household incomes up to $66,207, supporting a robust customer base for daily-needs auto service rather than destination-only retail.
- Regional Hub with Diverse Demand Drivers
- Martinsville–Henry County serves as a compact regional hub with a combined population of approximately 62,000, 27,000+ labor force, and 2024 visitor spending of $78.2M driven in part by Martinsville Speedway and regional recreation, adding both local and episodic demand.
- Strong Employer Base
- Area employers including DuPont (EIDP Inc.), Eastman Performance Films, City of Martinsville, County of Henry, and others create a stable employment base and daily traffic supporting the site.
- Built-In Value Growth via Scheduled Bumps
- Scheduled rent increases drive implied value growth at a 5.00% exit cap, with modeled values rising from approximately $5.47M (Years 1–5) to about $7.70M (Years 36–40), giving investors a clear long-term hold story.
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