4002 Village Park Dr
Knightdale, NC 27545
Retail Property For Sale

Marcus & Millichap is pleased to present this 7,706-square foot Just Tires in Knightdale, North Carolina; which is 14 miles east of Raleigh. The asset is corporately guaranteed by its parent company, Goodyear Tire & Rubber Company, a Fortune 500 company who did more than $15 billion in sales during 2016. The subject property is operating under a double-net (NN) lease with eight years remaining over the base term. The landlord’s responsibilities are limited to roof and structure. Goodyear has demonstrated commitment to this location by executing their first extension option early in 2013. There are five, five-year options remaining, with rent escalations in each option. Just Tires is located on the signalized hard corner of Village Park Drive and Parkside Commons Drive, they also have great frontage along Knightdale Boulevard. Knightdale Boulevard is a major thoroughfare in Knightdale that provides direct access to Raleigh, and sees more than 32,000 vehicles per day (VPD). The asset benefits from the explosive population growth in the area. Within the five-mile radius the population rose 60 percent from 2000 to 2010 and in the last seven years the population has risen 14 percent. Just Tires is strategically located between United States Route-64 and Interstate-540, two major Interstate Highways that see more than 88,000 vehicles per day (VPD) combined