Skip to content

FIRESTONE COMPLETE AUTO CARE | ALLEN, TEXAS

Purchase Price
$3,987,649
Location
802 S Greenville Ave
Cap Rate
5.40%
Annual Rent
$215,333.04
Building Size
6,546 SF
Land Area
1.08 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
9.5 Years
LEASE EXPIRATION
01/31/2035
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
5% Every 5 Years
Parking
27 Spaces
Year Built
2020
APN
R430700A00501
Traffic Counts
28,259 VPD

INVESTMENT HIGHLIGHTS

 

FIRESTONE CORPORATE LEASE:

  • 9.5 Years of Guaranteed Lease Term Remaining (Lease Exp: January 2035)
  • 5% Rent Increases Every 5 Years During Initial Term & Extension Periods (Next Increase = January 2030)
  • Five (5) - Five (5) Year Extension Periods
 

2020 CONSTRUCTION:

  • 6,546 Building on 1.08 Acre Parcel
  • High Quality Construction - Brick, CMU, and EIFS Stucco
  • Newest Building Prototype - 8 Service Bays & Retail/Showroom Area
 

ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Pays Property Taxes Directly to Taxing Authority
 

KALAHARI RESORTS EXPANSION:

  • Proposed Kalahari Location in Allen Would Include: 1.2 Million Square Feet of Resort & Convention Space, Including at Least 900 Guest Rooms, an Indoor and Outdoor Water Park, a 165,000 Square Foot Convention Center and Family Entertainment Center/Arcade
  • A Resort of This Size Would Employ Up to 1,000 People and Is Expected to Include an Investment Approaching $1 Billion
  • A Feasibility Study Estimates the Project Would Generate More than $5 Billion Dollars in Direct and Indirect Spending During Its First 10 Years of Operation in Allen
  • The Economic Incentive Agreement Reached With the City Requires the Project to Be Operational by 2033 but the Resort Could Open as Soon as 2030
 

PROXIMITY FROM ALLEN, TEXAS:

  • Plano, TX | 5 Miles
  • McKinney, TX | 10 Miles
  • Frisco, TX | 14 Miles
  • Dallas, TX | 24 Miles
  • Arlington, TX | 44 Miles
  • Fort Worth, TX | 54 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 13,865 Residents | $126,388 Average Household Income
  • 3-Mile: 114,833 Residents | $153,937 Average Household Income
  • 5-Mile: 292,408 Residents | $162,964 Average Household Income
  • 7-Mile: 563,399 Residents | $168,396 Average Household Income
  • 10-Mile: 1.04M Residents | $166,292 Average Household Income
 

TENANT:

  • Bridgestone Retail Operations, LLC
  • Operates 2,200+ Locations with $4.6 Billion in Revenue
  • Investment Grade Credit Tenant with "A" Rating by S&P

contact us

  • This field is hidden when viewing the form