Firestone | Outparcel to Walmart & Lowe’s

Investment Highlights

LOCATED IN FRONT OF TARGET, WALMART, & LOWE’S HOME IMPROVEMENT
• This Firestone is positioned on a hard corner signalized intersection in the center of the main retail corridor in Kernersville with over 1.5M SF of retail within 1 mile.
• The subject property is located in front of Target, Walmart, and Lowe’s Home Improvement.
• The Lowe’s Home Improvement & Walmart are top producing locations both nationally and in North Carolina with 1-2.5 million customers per year.
• Additional national retailers within this corridor include Harris Teeter, Lowe’s Foods, Food Lion, ALDI, Chick-Fil-A and more.
• Located off Highway 421 (46,000 VPD) signalized intersection of South Main Street and Harmon Creek Road (33,700 VPD)
• There are over 75,000 people in a 5 mile radius with 9.42% growth. Average HHI are over $88,000.

LARGEST WINSTON SALEM SUBURB IN THE HEART OF THE PIEDMONT TRIAD
• This Firestone is located in Kernersville, NC, 10 miles East of downtown Winston-Salem in the center of the Piedmont Triad Region.
• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and High Point, NC.
• Winston-Salem is the second-largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 251,350.
• As the largest suburb of Winston-Salem, Kernersville benefits from local demand generators such as Wake Forest University, Bowman Gray Stadium, Hanes Brands, Truist Financial, and Wake Forest Baptist Health.
• Kernersville has a diverse and growing economic base in manufacturing, logistics, medical, retail and more. The growth in those segments of the economy has promoted construction of a variety of retail and housing to fill the demand of the workforce moving to Kernersville

15 YEAR NNN LEASE WITH INCREASES | CORPORATELY GUARANTEED BY BRIDGESTONE
• This new 5,798 SF Firestone sits on 1.30 acres and has 7 service bays. The store is scheduled to deliver in March 2025.
• Subject property has a 15 Year NNN lease corporately guaranteed by Bridgestone Retail Operations, LLC
• 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 (BRIDGESTONE RETAIL OPERATIONS, LLC)
• 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 2023, Bridgestone (NYSE: BRDCY) had revenue in excess of $28.7 billion and ranked #250 on the Fortune 500 list.