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131 S Franklin St 7,126 SF Retail Building Chambersburg, PA 17201 $700,000 ($98.23/SF) 6% Cap Rate
Investment Highlights
- NEARLY 30 YEARS OF CONTINUOUS OCCUPANCY - Firestone has operated continuously at this location since 1996, demonstrating a long-term commitment to the
- CORPORATE GUARANTY - BRIDGESTONE RETAIL OPERATIONS, LLC - The lease is corporately guaranteed by Bridgestone Retail Operations, LLC, the U.S. retail o
- ATTRACTIVE BASIS – APPROXIMATELY $87 PSF - Offered at approximately $87 PSF, the acquisition basis is well below replacement cost, creating an attract
Executive Summary
- NEARLY 30 YEARS OF CONTINUOUS OCCUPANCY - Firestone has operated continuously at this location since 1996, demonstrating a long-term commitment to the site and surrounding trade area. The tenant has exercised multiple renewal options under the lease, reinforcing the property's strategic importance within Bridgestone's national retail network.
- ATTRACTIVE BASIS – APPROXIMATELY $87 PSF - Offered at approximately $87 PSF, the acquisition basis is well below replacement cost, creating an attractive entry point with flexibility for future leasing, redevelopment, or repositioning.
- CORPORATE GUARANTY - BRIDGESTONE RETAIL OPERATIONS, LLC - The lease is corporately guaranteed by Bridgestone Retail Operations, LLC, the U.S. retail operating subsidiary of Bridgestone Corporation (TYO: 5108), providing investors with stable cash flow backed by an investment-grade global tire and automotive services company.
- LOW IN-PLACE RENT OF $5.89 PSF - The property is leased at just $5.89 PSF, representing a low occupancy cost that supports long-term store profitability while reducing future rollover risk and enhancing renewal probability.
- STRATEGIC TRI-STATE POSITIONING | CENTRAL PA TRADE AREA - Strategically located in Chambersburg, PA — within 25 miles of Hagerstown, MD and Gettysburg, PA, and 55 miles from Harrisburg — the site captures a regional service catchment along W Loudon Street (14,054 AADT) with a five-mile trade area of 51/k residents and $93K average household income.
- NECESSITY-BASED AUTOMOTIVE SERVICE TENANT - Firestone Complete Auto Care provides essential automotive maintenance and repair services that benefit from recurring, non-discretionary consumer demand and are largely insulated from e-commerce disruption.
- ATTRACTIVE BASIS – APPROXIMATELY $87 PSF - Offered at approximately $87 PSF, the acquisition basis is well below replacement cost, creating an attractive entry point with flexibility for future leasing, redevelopment, or repositioning.
- CORPORATE GUARANTY - BRIDGESTONE RETAIL OPERATIONS, LLC - The lease is corporately guaranteed by Bridgestone Retail Operations, LLC, the U.S. retail operating subsidiary of Bridgestone Corporation (TYO: 5108), providing investors with stable cash flow backed by an investment-grade global tire and automotive services company.
- LOW IN-PLACE RENT OF $5.89 PSF - The property is leased at just $5.89 PSF, representing a low occupancy cost that supports long-term store profitability while reducing future rollover risk and enhancing renewal probability.
- STRATEGIC TRI-STATE POSITIONING | CENTRAL PA TRADE AREA - Strategically located in Chambersburg, PA — within 25 miles of Hagerstown, MD and Gettysburg, PA, and 55 miles from Harrisburg — the site captures a regional service catchment along W Loudon Street (14,054 AADT) with a five-mile trade area of 51/k residents and $93K average household income.
- NECESSITY-BASED AUTOMOTIVE SERVICE TENANT - Firestone Complete Auto Care provides essential automotive maintenance and repair services that benefit from recurring, non-discretionary consumer demand and are largely insulated from e-commerce disruption.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,126 SF
Building Class
C
Year Built
1996
Price
$700,000
Price Per SF
$98.23
Cap Rate
6%
NOI
$42,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.52 AC
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Firestone Complete Auto Care began in 1926 as a tire and service business tied to the Firestone brand. The company provides tire sales, oil changes, brake work, batteries, alignments, engine repair, and other maintenance and repair services for drivers who want routine care or more involved fixes. Firestone Complete Auto Care also supports online appointment booking and digital vehicle tools, including service-history tracking and customer offers through a mobile app. The company operates within Bridgestone Retail Operations, alongside other automotive service banners in a broad U.S. retail network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Services | - | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-1B64-125-000000 | Improvements Assessment | $53,250 |
| Land Assessment | $7,550 | Total Assessment | $60,800 |
Property Taxes
Parcel Number
05-1B64-125-000000
Land Assessment
$7,550
Improvements Assessment
$53,250
Total Assessment
$60,800
Contacts
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Eric Suffoletto -
David Hoppe -
Ben Olmstead -
Danny Griffin -
Mike Lucier -
Christopher Wiener -
Ben McCarter -
Levitt Mosley -
Mason McVicker -
Atlantic Capital Partners
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