Tires Plus (Bridgestone) | ABS NNN | New 10-Year Extension
Retail | 5.85% CAP | 6,091 SqFt
Marketing description
The subject property is a Tires Plus location situated in Canton, GA, on a 0.96-acre parcel at the corner of Juniper Street and Riverstone Parkway. The 6,091 SF building was constructed in 2000 and features an absolute NNN lease with approximately 11.0 years of remaining term and four 5-year renewal options, each with a $25,000 rent escalation. The property benefits from a corporate guarantee by Bridgestone Retail Operations, LLC, which holds an A credit rating from S&P and generates approximately $29.6 billion in revenue. Tires Plus has occupied the site for over 20 years and recently extended its lease for an additional 10-year term through 2037. The property is located as an outparcel to Riverstone Mill Shopping Center, providing strong visibility and access along Riverstone Parkway, which sees approximately 20,000 vehicles per day. The surrounding area features national retail tenants including Target, Publix, Staples, Lowe's, Dick's Sporting Goods, Hobby Lobby, Dollar Tree, Aldi, and others, supporting consistent consumer traffic.
Investment highlights
In Association with Jon Nesbitt GA License #: 352759
- ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES | +/- 11.0 + YEARS REMAINING TERM - The subject property features an absolute NNN lease with zero landlord responsibilities and +/- 11.0 years left of remaining term providing investors with a long term passive investment. There are an additional four 5-year options, each with a $25,000 rent escalation.
- CORPORATE GUARANTEE | BRIDGESTONE: A (S&P) | +/- $29.6 BILLION REVENUE - The subject property is supported by a corporate guarantee from the parent company of Tires Plus, Bridgestone Retail Operations. The company operates approximately +/- 2,200 stores and employs over +/- 22,000 people nationwide, serving customers across 48 states. Bridgestone is a leader in the automotive industry, generating approximately +/- $29.6 billion in revenue (FY 2025), and maintains a strong investment-grade credit rating of A (S&P).
- AI RESISTANT ASSET - Auto service assets are well positioned and remain largely AI-resistant due to the inherently physical, location-based nature of the work, which requires hands-on expertise. Services such as tire installation, oil changes, brake repairs, and vehicle diagnostics must be performed on-site using specialized equipment, making them difficult to automate or replace with AI. Additionally, vehicle maintenance often involves unpredictable issues that require human judgment and real-time problem-solving, while customers continue to value trust and personal interaction, further reinforcing the need for in-person technicians.
- 20+ YEARS OCCUPANCY | RECENT 10-YEAR LEASE EXTENSION - Tires Plus has occupied the property for over 20 years and recently renewed its lease for an additional 10-year term, extending through 2037. The agreement also includes four 5-year renewal options, reflecting the location's strong performance and the tenant's continued commitment to the site.
- TIRES PLUS | LEADER IN AUTOMOTIVE SERVICE - Tires Plus is a national automotive service provider offering tire sales, maintenance, and repair services for passenger vehicles. Founded in 1976, the brand has grown into a full-service operator with hundreds of locations across the United States. It operates under Bridgestone Retail Operations, a subsidiary of Bridgestone Corporation, benefiting from the scale, resources, and reputation of a global leader in the automotive industry. Tires Plus provides a wide range of services, including oil changes, brakes, alignments, and general repairs, positioning itself as a convenient, one-stop shop for everyday vehicle maintenance and care.
- NEARBY NATIONAL RETAIL TENANTS - The subject property is situated within a prominent retail corridor, surrounded by a diverse mix of national retailers that help drive consistent consumer traffic to the area. Nearby tenants include Target, Publix, Staples, Lowe's, Dick's Sporting Goods, Hobby Lobby, Dollar Tree, Aldi, Bank of America, and McDonald's, among others.
- GROWING AUTOMOTIVE SERVICE MARKET - According to Global Market Insights, the U.S. automotive repair and maintenance services market was valued at approximately +/- $183.4 billion in 2023 and is projected to grow to +/- $473.9 billion at a CAGR of 10.1% from 2024 to 2032. A key driver of this growth is the increasing average age of vehicles in the U.S., as older cars require more frequent maintenance and repairs due to wear and tear.
- OUTPARCEL TO SHOPPING CENTER - The subject property is located as an outparcel to Riverstone Mill Shopping Center in Canton, GA. The shopping center features a diverse mix of retail and service tenants that draw significant customer traffic, including Aldi, Dollar Tree, Johnny's New York Style Pizza, Canton Nails & Spa, and RideNow Powersports Canton Dealership.
- HIGH DENSITY, AFFLUENT AND GROWTH DEMOGRAPHICS - The population within a 3-mile radius of the property is approximately +/- 31,500, with an average household income of around +/- $102,300 and a growth rate of +/- 1.8%. Expanding to a 5-mile radius, the population rises to roughly +/- 71,500, growing at +/- 1.7% annually, with an average household income of +/- $117,400. These dense, affluent demographics support sustained demand for the property over the long term.
- CORNER INTERSECTION | STRONG INGRESS & EGRESS | +/- 30 PARKING SPACES - The subject property is situated directly adjacent to Riverstone Parkway at the corner of Juniper Street and Riverstone Parkway. It offers convenient ingress and egress access from both streets, providing excellent accessibility. Additionally, the property features over +/- 30 parking spaces, offering ample parking for employees and customers.
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