Highlights
• Long-term tenant commitment: Goodyear Tires has operated on-site since 2007; new 10-year lease extension begins December 2025. • Prime corner parcel: 1.02-acre site at the signalized intersection of S Church St & E Kennedy St in downtown Spartanburg. • High-growth market: Spartanburg ranked #10 fastest-growing U.S. metro (Census 2024) and #3 Best Southern City (Southern Living). • Walkable location near major landmarks: Fifth Third Ballpark, County Courthouse, Denny’s Plaza, and Spartanburg Community College. • Corporate lease backed by Goodyear Tire & Rubber Co. (NASDAQ: GT) – $2.4B market cap, $250M+ net income (+222% YoY), 5.69% net margin (+229% YoY).
Description
Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., as exclusive advisors to the seller, are pleased to offer the opportunity to acquire a single-tenant net-leased (STNL) Goodyear Tires property located in Spartanburg, South Carolina (the “Property”). Occupied by Goodyear since 2007, the tenant recently executed a new 10-year lease extension beginning December 2025, underscoring their long-term commitment to the site. Situated on a prime 1.02-acre corner parcel at the signalized intersection of S Church Street and E Kennedy Street, the Property enjoys excellent visibility and accessibility in a core downtown location surrounded by major civic, educational, and entertainment destinations. Spartanburg continues to emerge as one of the nation’s most dynamic growth markets, ranked among the Top 10 fastest-growing metros in the U.S. (Census Bureau, 2024), the #3 Best Southern City (Southern Living), and #8 nationally for millennial population growth among small metros. The lease is corporate-backed by Goodyear Tire & Rubber Co. (NASDAQ: GT), a Fortune 500 company with a $2.4 billion market cap, $250+ million in net income (up 222% year-over-year), and a 5.69% net margin (up 229% year-over-year). This offering provides investors with secure, long-term, and stable cash flow backed by a high-credit national tenant in a rapidly expanding Southeast market.
Property Documents
Goodyear Spartanburg Flyer.pdf
1.56 MB
Listing Details
- Cap Rate
5.5%
- Tenancy
Single
- Space Type
Specialty
- Sub Category
Auto Repair
- Sale Type
Investment Sale
- Date Listed
10/8/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$98,500
- Parking Info
29 Spaces (2.16 Spaces per 1,000 SF Leased)
- Building FAR
0.3
Property Specifics
- Property Name
Goodyear Tire: New 10-Yr. Corporate Net Lease | 100 E Kennedy St
- Property Class
C
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
1961
- Building Size
13,449 SF
- Lot Size
1.02 Ac
- APN
7-12-14-328.00
- Zoning
Commercial (NEC)
- Occupancy
100%