Firestone | Columbus MSA

Investment Highlights

15 YEAR NNN LEASE WITH INCREASES CORPORATELY GUARANTEED BY BRIDGESTONE
• This new 6,262 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, LLC.
• 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 open and rent commenced in January 2025.

“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 $31.6 billion and ranked #365 on the Fortune 500 list.

PRIMARY RETAIL CORRIDOR IN HEATH, OH ON HWY 79 (30,328 VPD)
• The subject property is located in the primary retail corridor in Heath, OH on Highway 79 (30,328 VPD) with over 2.5 million square feet of retail within 1 mile of this Firestone.
• Surrounding national tenants in the corridor include Target, Walmart Supercenter, Lowe’s Home Improvement, Olive Garden, Raising Cane’s, Verizon, Panera Bread, and more.
• Less than 1.5 miles from a $218M mixed-use project which includes 42,000 square feet of retail and office, and 580,000 square feet of multifamily.
• This Firestone is across from a new Sheetz development.

5 MILE POPULATION: 69,602 WITH AVG HHI OF $97,020
• Heath is an affluent Columbus, Ohio suburb with 69,602 people in a 5 mile radius and average household incomes of $97,020.

COLUMBUS, OH MSA | LARGEST MSA IN OHIO
• Columbus is the state capital and the most populous city in the state of Ohio with a metropolitan area of over 2 million.
• The city has a diverse economy based on education, government, insurance, banking, defense, aviation, food, clothes, logistics, steel, energy, medical research, health care, hospitality, retail, and technology.
• As of 2025, the Greater Columbus area is home to the headquarters of six corporations in the U.S. Fortune 500: Cardinal Health, American Electric Power, Bath & Body Works, Nationwide, Bread Financial, and Huntington Bancshares.
• Columbus is the home of two public colleges: Ohio State University (61,443 students), one of the largest college campuses in the United States, and Columbus State Community College (27,621 students).
• Home to John Glenn Columbus International Airport that supports nearly 9.2 million passengers per year.
• According to the Federal Reserve Bank of St Louis, the GDP of Columbus in 2024 was $182 billion.

LOCATED NEAR INTEL’S SEMICONDUCTOR MANUFACTURING CAMPUS ($28 BILLION INVESTED)
• This Firestone is located in Licking County, which is home to Intel’s Ohio One leading-edge chip factory.
• Intel has invested $28 billion into the project that will create 3,000 jobs and have an annual payroll of $400M+.
• The project spans nearly 1,000 acres & the first phase will span over 2.5 million square feet.