Description

Cushman & Wakefield is pleased to present the opportunity to acquire a net-leased investment occupied 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-standing operating history. Founded in 1900, Firestone has become one of the most established names in the automotive service and tire industry, with more than 1,800 locations nationwide operating under Bridgestone Retail Operations, the world’s largest network of company-owned automotive service centers. Parent company Bridgestone Corporation ranks among the largest tire manufacturers globally, generating over $30 billion in annual revenue while maintaining strong investment-grade credit characteristics. The subject property is located in Chandler within one of the Southeast Valley’s premier retail corridors and benefits from immediate proximity to Chandler Fashion Center, a dominant super-regional shopping destination featuring more than 180 retailers and significant regional consumer traffic. The surrounding trade area is densely populated, with more than 257,000 residents within a five-mile radius and strong household income demographics supporting long-term retail demand. Situated on approximately ±1.31 acres, the property includes a ±10,060-square-foot automotive service facility originally constructed in 2001. The investment offers approximately 3.5 years of remaining primary lease term, along with two five-year renewal options and scheduled 10% rent increases every five years, providing continued income growth potential. This offering represents an opportunity to acquire a well-positioned Firestone Complete Auto Care investment featuring durable in-place cash flow, below-market rental positioning, and long-term upside within a high-traffic retail corridor anchored by one of the nation’s most established automotive service brands.