Listed by Marcus & Millichap - Orange County
$5,473,180
Brand New Construction | Firestone Complete Auto Care
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 6,607
Net Rentable (SqFt) 6,607
Units 1
Cap Rate 5.00%
NOI $273,659
Occupancy 100%
Tenancy Single
Brand/Tenant Firestone
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options Five, Five Year Options
Price per SqFt $828
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 1.200
Zoning Commerical
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/16/2026
Occupancy Date 05/16/2026
Ground Lease No
Ownership Fee Simple
Sale Condition N/A
Now Open | Firestone Complete Auto Care
Marketing description
A new-construction Firestone Complete Auto Care secured by a 15-year lease, scheduled 5% bumps, and corridor visibility along West Commonwealth Boulevard in Martinsville, Virginia.
Investment highlights
- Brand New Construction 15-year NNN lease with tenant responsibility for roof and structure.
- 5% rent increases every five years support contractual income growth.
- Auto service is necessity-oriented and supported by local vehicle dependence.
- Firestone operates under Bridgestone, a global tire and mobility platform | Investment grade (A) Tenant
- Martinsville Speedway and regional tourism add episodic visitor demand to the market.
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$273,659.00
$22,804.92/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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