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Goodyear Tire and Rubber Company 2885 Lowery St 25,500 SF 100% Leased Industrial Building Winston-Salem, NC 27101 $2,200,000 ($86.27/SF) 5.96% Cap Rate
Investment Highlights
- Absolute Net Lease with Zero Landlord Responsibilities
- Long-Term Operating History, Recent Lease Extension
- Optimal Demographics
- Industry Leading, Publicly Traded Operator with Significant Scale (NASDAQ: GT)
- Frontage on NC-150, Exposure to 72K+ VPD
Executive Summary
Northmarq is pleased to present a rare opportunity to acquire a Goodyear Auto Service Center located in Winston-Salem, North Carolina (the “Property”). The Property is subject to an absolute net lease with no landlord responsibilities whatsoever. The lease features biennial 2.00% rent increases during the primary term and the option periods, providing stable and predictable income growth throughout the investment horizon. Goodyear is responsible for all taxes, insurance, and maintenance, including roof and structure, ensuring a highly passive ownership profile.
Property Facts
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 6845-77-1268 | Improvements Assessment | $954,400 |
| Land Assessment | $243,100 | Total Assessment | $1,197,500 |
Property Taxes
Parcel Number
6845-77-1268
Land Assessment
$243,100
Improvements Assessment
$954,400
Total Assessment
$1,197,500
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Goodyear Tire and Rubber Company | 2885 Lowery St
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