6014 FM 1488 Rd
Magnolia, TX 77354
Goodyear Tire | Houston MSA · Retail Property For Sale

Tenant: The Goodyear Tire and Rubber Company (S&P: BB; NASDAQ: GT) is one of the world' s leading tire companies with one of the most recognizable brand names in the world. Together with its U.S. and international subsidiaries and joint ventures, Goodyear develops, manufactures, markets and distributes tires for most applications. The company also operates approximately 1,240 tire and auto service center outlets and manufactures its products in 49 facilities in 22 countries. In 2015, the company reported more than $16.44B in revenue, $2.24B in EBITDA and has a net worth in excess of $3.92B. NNN Lease with Increases: 15-year NNN lease with four 5-year options and 5% rent escalations every 5 years throughout the term commenced in January 2017. New Construction: Site is newly constructed and opened in November 2016. Strategic Location: Goodyear is strategically located immediately adjacent to Sonic and directly across from a Home Depot-anchored shopping center that is also occupied by NTB, Mattress Firm, Mattress One, Denny' s, Sports Clips, Enterprise, Goodwill, and Whataburger among others. In addition, two substantial retail developments anchored by Kroger and Target, respectively, are less than 0.5 miles west of the site on FM 1488. Excellent Access/Visibility: Situated with excellent frontage and visibility on FM 1488 (Traffic Count: 29,301 VPD) approximately 6 miles west of I-45 (Traffic Count: 126,000 VPD) which provides direct access to Houston' sCBD (40 miles to the southeast). The demographics of the surrounding area are also dynamic with a population of 48,251, average household income of $158,440, and average home value in excess of $420,000 within a 3-mile radius.