Firestone Complete Auto Care - TN 831 Callen NW Ln 6 222 pi² Commerce de détail Immeuble Cleveland, TN 37312 4 800 463 $ CAD (771,53 $ CAD/pi²) 4,75% Taux de capitalisation

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