Firestone | Net Lease | Chandler, AZ
Prime Chandler Retail Corridor | 5.75% CAP | Below Market Rent
Marketing description
Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Firestone Complete Auto Care, a nationally recognized and industry-leading automotive service provider. The property is secured by a corporate-backed net lease with Bridgestone Retail Operations, offering investors a stable income stream supported by a globally recognized brand with a long operating history.
Founded in 1900, Firestone has grown into one of the most established names in the automotive service and tire industry. Today, Firestone Complete Auto Care operates approximately 1,800+ locations nationwide and is part of Bridgestone Retail Operations, the largest network of company-owned automotive service providers in the world. Bridgestone Corporation, the parent company, is one of the largest tire manufacturers globally, generating over $30 billion in annual revenue and maintaining strong investment-grade credit metrics.
The subject property is located at 3175 W Chandler Boulevard in Chandler, Arizona, within one of the premier retail corridors in the Southeast Valley. The site benefits from immediate proximity to Chandler Fashion Center, a dominant super-regional mall featuring over 180 retailers and serving as a major retail and entertainment destination. The surrounding trade area is densely populated, with more than 257,000 residents within a five-mile radius and strong household incomes supporting long-term retail demand.
Positioned on approximately ±1.31 acres, the property consists of a ±10,060-square-foot automotive service facility originally constructed in 2001. The investment features approximately 3.5 years of remaining primary lease term with two five-year renewal options and attractive 10% rent increases every five years, providing continued income growth potential.
This offering represents an opportunity to acquire a well-located Firestone Complete Auto Care investment with durable cash flow, below-market rental positioning, and long-term upside supported by a high-traffic retail corridor and one of the most established automotive service brands in the United States.
Investment highlights
INVESTMENT HIGHLIGHTS
- Corporate lease
- Priced below replacement cost
- Below market rents ($16.40 PSF)
- Attractive 10% rent increases every 5 years
- Located in immediate proximity to Chandler Fashion Center, a premier super-regional mall featuring over 180 retailers and serving as a dominant retail and entertainment hub for the Southeast Valley
TENANT HIGHLIGHTS
- Approximately 1,800+ Firestone Complete Auto Care locations nationwide
- Industry-leading automotive service and tire provider with over 100 years of operating history
- Bridgestone Corporation, parent company of Firestone, is one of the world’s largest tire manufacturers and retailers, with a market capitalization of approximately $26.3 billion and an S&P credit rating of A
- Generates approximately $30+ billion in annual revenue
LOCATION HIGHLIGHTS
- Positioned within Chandler’s premier retail corridor, one of the top-performing retail submarkets in Arizona
- Located ±0.5 miles from Loop 101 (142,402 VPD) & Loop 202 (138,208 VPD)
- Densely populated trade area with over 257,000 residents in a 5-mile radius
- Strong average household earnings of $145,419 in a 3 mile radius
- Surrounded by major national retailers including Costco, Target, Walmart, Home Depot, and numerous dining and entertainment options
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