Goodyear
FOR SALE
Goodyear AKRON, OHIO - 3453 S ARLINGTON RD
Capital Markets | Investment Properties
INVESTMENT OVERVIEW
S H E R W I N - W I L L I A M S
INVESTMENT OVERVIEW The new 10 year lease on this property is corporately gauranteed by Goodyear. The lease includes a rent bump for years 6-10. Goodyear has shown committment to the site with extending the term to 10 years, while there were still 4 years remaining on the intitial lease that began in 2000. The property conists of 5,962 SF and is a pad to a Lowe’s Home Improvement Store located in Akron, OH. The Landlord is responsible for roof and structure. The property is surrounded by national retailers including Lowe’s, Target, Panera, Mcdonalds, Wendy’s, Subway, Chipotle, as well as several major car dealerships. The property is priced well below replacement cost and well below market rents.
THE OFFERING PRICE CAP RATE RENT
$1,229,200 6.15% $75,600
OWNERSHIP
FEE SIMPLE
BUILDING SF
5,962
RENT PSF
$12.68
LEASE TENANT YEARS REMAINING OPTIONS LEASE TYPE
Goodyear 10+ TWO, 5-YEAR OPTIONS WITH 10% INCREASES LANDLORD RESPONSIBLE FOR ROOF, STRUCTURE & PARKING
investment
overview
3
Goodyear AKRON, OHIO - 3453 S ARLINGTON RD
Capital Markets | Investment Properties
INVESTMENT OVERVIEW
S H E R W I N - W I L L I A M S
INVESTMENT OVERVIEW The new 10 year lease on this property is corporately gauranteed by Goodyear. The lease includes a rent bump for years 6-10. Goodyear has shown committment to the site with extending the term to 10 years, while there were still 4 years remaining on the intitial lease that began in 2000. The property conists of 5,962 SF and is a pad to a Lowe’s Home Improvement Store located in Akron, OH. The Landlord is responsible for roof and structure. The property is surrounded by national retailers including Lowe’s, Target, Panera, Mcdonalds, Wendy’s, Subway, Chipotle, as well as several major car dealerships. The property is priced well below replacement cost and well below market rents.
THE OFFERING PRICE CAP RATE RENT
$1,229,200 6.15% $75,600
OWNERSHIP
FEE SIMPLE
BUILDING SF
5,962
RENT PSF
$12.68
LEASE TENANT YEARS REMAINING OPTIONS LEASE TYPE
Goodyear 10+ TWO, 5-YEAR OPTIONS WITH 10% INCREASES LANDLORD RESPONSIBLE FOR ROOF, STRUCTURE & PARKING
investment
overview
3
