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Firestone Complete Auto Care - TN 831 Callen NW Ln 6,222 SF Retail Building Cleveland, TN 37312 $3,386,737 ($544.32/SF) 4.75% Cap Rate
Investment Highlights
- EXTREMELY RARE 15 Year Absolute NNN Ground Lease
- Across from a Publix Shopping Center (Ranked #5 in TN) & Home Depot
- Just off I-75 S Exit (48,81 ADTC) | On Hard Signalized Corner
- 5% Rental Rate Increases Every 5 Years
- Between I-75 & the #5 Ranked Walmart in all of TN for Foot Traffic
- 5 Mile Population 66,740 | Expected Growth 4.53%
Executive Summary
Fortis Net Lease is pleased to present this 6,222 SF Firestone Complete Auto Care store located in Cleveland, Tennessee. This extremely rare 15 year Absolute NNN Ground Lease will require zero landlord responsibilities. The lease offers 5% rental rate increases every 5 years including at each of the 5 (5 Year) Options. The store is currently under construction with rent start & store opening on track for June 2026.
This Firestone benefits from a convenient location just off the I-75 South Exit (48,871 ADTC) and excellent visibility as it is located on the hard corner of Paul Huff Parkway NW (28,781 ADTC) & Mouse Creek Rd NW (11,086 ADTC). It sits on a dense retail corridor across from a Home Depot and Publix (Ranking #5 in all of TN for foot traffic), and on down the road from Walmart (Also ranking #5 in all of TN for foot traffic!) & Bradley Square Mall. The 5 mile population from the site is 66,740. The 1 mile household income is $108,105. This area is seeing a steady growth in population with the 5 mile growth rate at 4.53%. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 4.75% cap rate based on NOI of $160,870.
Instate Broker of Record: Brian Brockman | Bang Realty
This Firestone benefits from a convenient location just off the I-75 South Exit (48,871 ADTC) and excellent visibility as it is located on the hard corner of Paul Huff Parkway NW (28,781 ADTC) & Mouse Creek Rd NW (11,086 ADTC). It sits on a dense retail corridor across from a Home Depot and Publix (Ranking #5 in all of TN for foot traffic), and on down the road from Walmart (Also ranking #5 in all of TN for foot traffic!) & Bradley Square Mall. The 5 mile population from the site is 66,740. The 1 mile household income is $108,105. This area is seeing a steady growth in population with the 5 mile growth rate at 4.53%. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 4.75% cap rate based on NOI of $160,870.
Instate Broker of Record: Brian Brockman | Bang Realty
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
6,222 SF
Year Built
2026
Price
$3,386,737
Price Per SF
$544.32
Cap Rate
4.75%
NOI
$160,870
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.02 AC
Zoning
Commercial
Parking
30 Spaces (4.82 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Firestone
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Firestone | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 034I-F-009.00 | Improvements Assessment | $0 |
| Land Assessment | $253,320 | Total Assessment | $253,320 |
Property Taxes
Parcel Number
034I-F-009.00
Land Assessment
$253,320
Improvements Assessment
$0
Total Assessment
$253,320
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Firestone Complete Auto Care - TN | 831 Callen NW Ln