Single Tenant Firestone Complete Auto Care

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Firestone Complete Auto Care (the "Property") in Akron, OH, the most populated city in Summit County and fifth (5th) most populated city in Ohio. Firestone has operated at this location for almost thirty (30) years thus creating an identity within the community. The tenant currently operates on a NN lease that features 6.00% increases in each of their remaining four (4), five (5) year options. Firestone sits as a pad to the former Chapel Hill Mall, currently undergoing a major redevelopment in which the 800,000 square feet complex is being transformed into a light industrial business park to be renamed Chapel Hill Business Park. Firestone is located less than one (1) mile off Exit 4 of Ohio State Route 8, a major highway in the area that boasts 115,720 VPD. The property is also just three (3) miles away from The University of Akron, the main university in the area that is home to over 14,900 students. Within three (3) miles of the property there are over 20.1 million square feet of commercial space consisting of 9.9 million square feet of industrial space, 7.8 million square feet of retail space, and 2.4 million square feet of office space, further exemplifying this corridor as a central location for all commercial property types. Firestone Tire and Rubber Co. is a subsidiary of Bridgestone Corporation, a Fortune 500 company with an investment grade credit rating (S&P: A). Firestone was originally founded in Akron, Ohio and currently has over 1,700 locations within the United States.