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Goodyear - Winter Springs, FL 5535 Red Bug Lake Rd 6,426 SF Retail Building Winter Springs, FL 32708 $2,543,000 ($395.74/SF) 5.30% Cap Rate
Investment Highlights
- GOODYEAR CORPORATE GUARANTEE (S&P B+)
- ATTRACTIVE CONTRACTUAL RENTAL GROWTH
- INFILL ORLANDO MSA LOCATION
- 10 + YEARS OF REMAINING LEASE TERM
- NNN LEASE STRUCTURE
- DENSE & AFFLUENT DEMOGRAPHICS
Executive Summary
Constructed as a purpose-built automotive service facility, the 6,426-square-foot property occupies a highly visible position along Red Bug Lake Road, benefiting from traffic counts exceeding 41,900 vehicles per day and strong surrounding residential demographics. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options.
Situated within the Orlando MSA, one of the fastest-growing metropolitan areas in the United States, the property benefits from continued population growth, a diverse employment base, and strong long-term consumer demand.
Property Facts
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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- -
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Goodyear is a global tire manufacturer serving consumer, commercial, aviation, and industrial markets. The company was founded in 1898 by Frank Seiberling in Akron, Ohio, and was named after Charles Goodyear, the inventor of vulcanized rubber. Goodyear designs, manufactures, and markets tires for passenger vehicles, commercial trucks, aircraft, motorcycles, and off-road equipment, along with related services and solutions. The company operates manufacturing, research, distribution, and retail facilities across multiple regions worldwide. Goodyear is publicly traded on the Nasdaq under the ticker symbol GT. Over its operating history, the company has been recognized for several industry milestones, including the introduction of the Goodyear Blimp in 1925, which remains a widely recognized corporate symbol, and its long-standing involvement in motorsports and aviation tire supply.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-21-30-300-011G-0000 | Improvements Assessment | $442,478 |
| Land Assessment | $771,521 | Total Assessment | $1,213,999 |
Property Taxes
Contacts
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David Hoppe -
Danny Griffin -
Eric Suffoletto -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
