Raben Tires (Goodyear S&P: BB-) | Vincennes, IN

Retail

1111 Willow Street Vincennes IN
Price:
$ 1,004,006
Property Size:
21,921 sqft
Cap Rate:
6.00
NOI:
$ 60,276
Lot Size:
3.41 acres
Status:
Sale

100% LEASED AND GUARANTEED BY GOOD YEAR TIRE AND RUBBER COMPANY
(NASDAQ: GT) (S&P: BB-)
The Subject Property is fully leased and guaranteed by GOODYEAR Tire and Rubber Company, #203 on the Fortune 500 list, and one of the largest tire manufacturing companies in the United
States.

RECENT 13.5 YEAR SALE LEASEBACK
The Subject Property boasts a market leading, absolute NNN, 13.5 year sale leaseback with GOODYEAR Tire and Rubber Co., which runs through May of 2033.

EXCEPTIONALLY LOW RENTS
The Subject Property boasts an exceptionally low rent point of $2.75 psf, which is well below market average for the area and Tire/Service Center sector.

2.00% ANNUAL RENT INCREASES
The Subject Property boasts strong rental increases of 2.00% annually, throughout the primary term option periods.

HIGHLY PASSIVE ABSOLUTE NNN LEASE
The Subject Property boasts a true Absolute NNN lease with Zero Landlord Responsibilities.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Ken Hedrick
Executive Managing Director
918.878.9540
Jerry Hopkins
Executive Managing Director
918.878.9536

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