Firestone | Greenville, SC

GREENVILLE, SC | TOP 25 FASTEST GROWING CITIES IN THE COUNTRY
• Easley is located 8 miles west of Greenville, SC and is a part of the MSA.
• Greenville, SC is the county seat of the Greenville-Anderson-Greer MSA and ranked in the Top 25 fastest-growing cities in the U.S with a population of 72,310.
• Greenville’s population has grown by 25% over the last 10 years due to the city’s quality of life, low crime, job growth, and strong economy.
• This city has a strong economic environment with the largest BMW manufacturer being located here as well as being the North American headquarters
for Michelin, Synnex, United Community Bank, AVX Corporation, NCEES, Ameco, Southern Tide, and more.
• There are multiple colleges and universities located in Greenville including ECPI University (10,000 Students), Furman University (2,500 Students), Bob
Jones University (3,500 Students), and more.

EASLEY, SC | GREENVILLE SUBURB WITH 20% POPULATION GROWTH
• Easley is located 8 miles west of Greenville, SC and is a part of the MSA.
• Since 2020, Easley’s population growth has increased by 19.4% with an average household income of $98,750.
• There are currently over 50 new development projects under way in Easley including residential, industrial, and retail projects.

NEAR 600 ACRE NEW DEVELOPMENT INDUSTRIAL PARK
• A 600 acre industrial park is under construction 3 miles from this Firestone and will offer 4 million square feet of space primarily for warehouses and distribution.
• This $100 million industrial park broke ground in June 2024 and is projected to bring over 1,000 jobs to the county.

PRIMARY RETAIL CORRIDOR IN EASLEY, SC (39,500 VPD)
• The subject property is located in the primary retail corridor in Easley, SC on Highway 123 (39,500 VPD) with over 4 million square feet of retail within 1
mile of this Firestone.
• Firestone is adjacent to a 263,490 SF shopping center including a Walmart Supercenter that ranks in the top 7% of all Walmarts in the country supporting
over 3.4M customers per year. (placer.ai)
• Positioned across from a Chick-fil-A that ranks in the top 1% of all Chick-fil-As in the country and South Carolina. The store supports nearly 1 million
customers annually. (placer.ai)
• Other national tenants in the corridor include Publix, Lowe’s Home Improvement, Home Depot, Sams Club, and more

“A” RATED INVESTMENT GRADE TENANT (BRIDGESTONE RETAIL OPERATIONS, LLC)
• The lease is guaranteed by Bridgestone, the 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.

15 YEAR NNN LEASE WITH INCREASES CORPORATELY GUARANTEED BY BRIDGESTONE
• This new 5,798 SF Firestone sits on 1 acre and has 7 service bays.
• Subject property has a 15 Year NNN lease corporately guaranteed by Bridgestone Retail Operations, LL
• The lease is absolute NNN, and the tenant is responsible for taxes, insurance, parking lot, 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.
• This store is scheduled to deliver in January 2025.