Property summary
This exceptional investment opportunity presents a brand-new, 5,798 square foot Firestone auto shop in Easley, South Carolina, a rapidly growing suburb of Greenville. Located on a 0.99-acre lot in a prime retail corridor (39,500 vehicles per day), this property benefits from its proximity to a major shopping center anchored by a top-performing Walmart and a top 1% Chick-fil-A. The property is part of a thriving area with significant ongoing development, including a large new industrial park expected to bring over 1,000 jobs. The 15-year net lease, commencing January 31, 2025, and expiring January 31, 2040, is corporately guaranteed by Bridgestone Retail Operations, LLC, an "A" rated investment-grade tenant with over 2,200 locations nationwide. The lease features attractive 5% rent bumps every five years throughout the initial term and five, 5-year option periods. The property boasts seven service bays and benefits from a strong NOI of $254,875, resulting in a 5.00% cap rate. The asking price is $5,098,000. This is a rare opportunity to acquire a high-quality, net-leased asset with a blue-chip tenant in a dynamic growth market. The tenant is responsible for all taxes, insurance, common area maintenance, roof, and building structure.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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