BRAND NEW BUILD TO SUIT FIRESTONE • Brand new Build to Suit Firestone located in Burleson (Dallas-Fort Worth MSA), TX. • This store is 6,262 SF with 7 service bays and is currently under construction and scheduled for delivery October 2020.
DALLAS–FORT WORTH MSA • Burleson is a an affluent fast growing suburb 18 miles South of Fort Worth and part of the Dallas-Fort Worth MSA. • Dallas is the 3rd largest city in the state of Texas and the 9th largest in the U.S. with a population of over 1,318,000. • Fort Worth is the 5th largest city in the state of Texas and the 13th largest city in the U.S. with a population of 909,585. • Dallas-Ft Worth developed a strong industrial and financial sector, and a major inland port, due to the presence of Dallas/Fort Worth International Airport, one of the largest and busiest airports in the world. • Dallas-Ft Worth is home to The University of Texas at Dallas (29,543 Students), Texas Christian University (10,489 Students), Southern Methodist University (11,739 Students) and many more. • Fort Worth and Dallas see a combined 3.8 Million tourists per year that contribute $11.1 Billion to the economies.
OUTPARCEL TO KROGER SHOPPING CENTER • The subject property is located on Hwy 174 (40,750 VPD) and 4 Miles from Interstate 35W (78,126 VPD). • This Firestone sits as an outparcel to a Kroger anchored shopping center that includes CVS, Burger King, Starbucks, and more. • The property is surrounded by 2 Million SF of national retailers including Walmart, Home Depot, Target, H-E-B plus and more. • The 5 Mile Population is 84,064 with 22% growth and the average household income is $89,158.
TAX FREE STATE • Texas is one of seven states which has no income tax • Texas also has no estate tax
NEW 15-YEAR CORPORATE NNN LEASE WITH INCREASES • The subject property has a new 15-year lease guaranteed by Bridgestone Retail Operations, LLC (Corporate). • The lease is absolute NNN and the tenant is responsible for all taxes, insurance, CAM, roof and structure. • There are attractive 5% rental increases every 5 years during the initial lease and each of the five, 5-year option periods.
“A” RATED INVESTMENT GRADE TENANT • The lease is guaranteed by Bridgestone, parent company of Firestone, which is the world’s largest manufacturer of tire and rubber products. • Bridgestone/Firestone has an investment grade credit rating of “A” by S&P, giving it the highest credit rating in the auto-service sector. • Founded in 1900 Firestone is a wholly-owned subsidiary of the Bridgestone Retail Operations, LLC, which has four retail brands and over 2,200 locations nationwide. • In 2018, Bridgestone (NYSE: BRDCY) had revenue in excess of $33.1 billion and ranked #365 on the Fortune 500 list.