Firestone Complete Auto Care - Net Lease Property for Sale
Southington, CT
Key Investment Metrics
Price
$1,460,870
Cap Rate
5.8%
Net Operating Income
$84,000
Building Size
5978 SF
Lot Size
5,978 SF
Land Area
2.11 Acres
Remaining Term
9.8 years
Lease Expiration
10/31/2035
Lease Term
50 years
Lease Commencement
11/01/1985
Lease Type
Absolute NNN
Year Built
1983
Occupancy
100%
Tenancy
Single
Rent Increases
10% every 5 years
About This Firestone Complete Auto Care Net Lease Property
This Firestone Complete Auto Care NNN (triple net lease) property is located in Southington, CT and represents an excellent investment opportunity for commercial real estate investors. The property features 5978 square feet of building space and was built in 1983.
With a cap rate of 5.8%, this Firestone Complete Auto Care net lease property offers stable income potential. The asking price is $1,460,870, making it an attractive option for 1031 exchange investors seeking quality Firestone Complete Auto Care commercial properties.
Why Invest in Firestone Complete Auto Care NNN Properties?
- Stable Income: Firestone Complete Auto Care net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Firestone Complete Auto Care is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Southington, CT Market Overview
Located in Southington, CT, this Firestone Complete Auto Care property benefits from strong local demographics and market fundamentals. The Southington area offers excellent visibility and accessibility, making it an ideal location for Firestone Complete Auto Care operations and a solid investment for net lease property buyers.