8816 Harvest Oaks Dr
Raleigh, NC 27615
Just Tires · Retail Property For Sale

Colliers International is pleased to offer for sale a free-standing Goodyear Tire & Rubber Company (dba: Just Tires) leased property located in booming Raleigh, NC. Goodyear is a publicly traded company on the NASDAQ (symbol: GT) and had 2017 revenue of $15.38 Billion. Goodyear/ Just Tires has been a tenant in this property since 1996, and according to the store manager, this is one of their best locations in the area. They renewed their lease 2 years ago, and have approximately 3 years remaining on the lease. They are a national credit tenant, and this location is nestled in the heart of North Raleigh, which has some of the strongest demographics in the state of NC and the Southeast. This store is an outparcel to a Lowe’s Food anchored center with an in-line Walgreens junior anchor. There are many retail shopping centers and restaurants within close proximity to the property (see aerial). The building is all masonry, has a metal roof, and is in excellent condition. Property Details › Tenant and Lease Guarantor: The Goodyear Tire & Rubber Company (dba Just Tires) › Building size: 5,840 sf (wake county tax records) › Lot size: .67 acres › Current rent below market - $13.32/SF/YR › Year Built: 1996 › Lease Renewal Commencement: April 1, 2016 › Lease Expiration: March 31, 2021 › Tenant has Four Options to Renew for Five Years › 1st Option Period $7100 per month, 2nd Option Period $7400 per month, 3rd Option Period $7700 per month, 4th Option Period $8000 per month › Monthly Rent: $6,480/month › Annual Rent: $77,760 fixed thru March 31, 2021 › Landlord Responsibilities: Roof, Foundation, Structure of walls and floor › Property offered at 6.5% CAP rate (sales price -$1,109,000) › .7 Miles from I-540