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Firestone NN Leased - S&P A Rated - Investment Grade - 6 Cap - CONTRACT PENDING

INVESTMENT HIGHLIGHTS

Tenant/Lease:

  • Firestone/Bridgestone has an investment grade credit rating of “A” by S&P
  • Lease guaranteed by Bridgestone/Firestone, Inc.
  • Corporate store with the great clarity of a 32 year stabilized operating history
  • Current lease through 10/31/29 plus 3 five yr options
  • Ideal 1031 - minimal Landlord involvement required – Tenant pays RE Taxes, maintenance and insurance

Location:

  • Strong North Shore/Suffolk County, Route 112 location – just 1.5 miles south of one of Long Island’s premier villages with direct access to the ferry to Connecticut
  • Strong, well established community plus growth!
  • Busy traffic light controlled, high traffic intersection  – SWC NYS Rte 112 & Terryville Road
  • Traffic Count ?? VPD Rte 112
  • Very close to NYS Route 347 with access to major parkways, airports, major retail area shopping and amenities
  • Desirable Area Demographics – ? Mile Radius - Avg HH Inc ?? Population ??

Improvements:

  • Building is +/-6,800sf with 10 service bays; constructed in 1992
  • Very attractive and well maintained building – new signage program completed in 2017
  • Roof: Newly resurfaced in 2024 with 10 yr warranty
  • Parking lot: Very good condition - Sealcoating and striping completed Q3 24.
Price
$3,143,617.
Square Footage
6,800
Units
1
Lot Size
+/- .9 acre
Occupancy
100
Address
10 Terryville Rd., Port Jefferson Station, NY
Major Tenants
Firestone
Listing Agent
Managing Director