This Retail Property is Off-Market.

271 Egret Bay Blvd. South
League City, TX 77573 ·

8,142 SF · Retail For Sale

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Bridgestone/Firestone

Price N/A Cap Rate 8%
Building Size 8,142 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2008
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.57 AC
Commission Split 1.5%
Listing ID: 16120557 Date Created: 02/25/2009 Last Updated: 12/03/2009

Description

BFS Retail & Commercial Operations, LLC (BFRC), a subsidiary of Bridgestone Americas Holding, Inc., is headquartered in Bloomingdale, Ill., and operates the largest number of company-owned automotive retail generalist stores in the world - more than 2,200 consumer and commercial vehicle service and tire locations across the United States and Canada - including Firestone Complete Auto Care, Tires Plus, ExpertTire, Wheel Works and GCR Tire Centers store locations. Credit First National Association and Firestone Complete Fleet Care operations are also part of BFRC. BFRC is a member of the Bridgestone Americas family of companies.

Bridgestone/Firestone Americas Holding, Inc, a subsidiary of Bridgestone Corporation, is an international manufacturer with 38 production facilities throughout the Americas. The Nashville, Tennessee-based company was formed in 1990 when Bridgestone U.S.A. merged with The Firestone Tire & Rubber Company.

Bridgestone Corporation currently has an S&P rating of BBB+ and Stable.

Strategically located in a strong retail development area, with nearby tenants consisting of Kroger, CVS Pharmacy, Advance Auto Parts, Capital One Bank, Washington Mutual Bank, Schlotzsky's, Sonic, Jack-in-the-Box and Mattress Firm.

On Highway 270, just across from a Kroger retail center, which is a heavily traveled highway with average daily traffics count exceeding 12,000 cars per day as of 2007.

Highlights

  • New Construction
  • Rent Commencement: December 7, 2008
  • 15 Year Lease Term
  • 5, 5-Year Renewal Options
  • Rent Increases Every 5 Years
  • Over $80,000 Avg. HH Income in 1 Mile Radius

Research

271 Egret Bay Blvd. South, League City, TX 77573 (Galveston County)

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