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| Documents |
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| Property Description |
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Stan Johnson Company is pleased to offer for sale to investors a free-standing, net leased retail property located in Dardenne (St. Louis), MO. The property is 100% leased to Bridgestone/Firestone for 15 years.
BFS Retail & Commercial Operations, LLC (BFRC), a subsidiary of Bridgestone Americas Holding, Inc., is headquartered in Bloomingdale, Ill. The company and operates the largest number of company-owned automotive retail stores in the world, with more than 2,200 consumer and commercial vehicle service and tire locations across the United States and Canada. BFRC is a member of the Bridgestone Americas family of companies.
Bridgestone/Firestone Americas Holding, Inc, a subsidiary of Bridgestone Corporation, manufactures Bridgestone, Firestone, Dayton, and private-brand tires in 38 production facilities throughout the Americas. The Nashville, Tennessee-based company was formed in 1990 when Bridgestone U.S.A. merged with The Firestone Tire & Rubber Company. The company also makes air springs, roofing materials, synthetic rubber, and industrial fibers and textiles. Bridgestone Corporation currently has an S&P rating of BBB+ with a Stable outlook.
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| Location Description |
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Dardenne is located in St. Charles County, just west of St. Louis. The city boasts acres and acres of natural parks, beautiful residences, several thriving business plazas and an industrial park.
The subject property is located in a rapidly-expanding, affluent area of Dardenne and Lake St. Louis. Lake St. Louis was recently ranked number nine on Money Magazine's "Best Places to Live" list. With population growth of 72% and household income of $117,000 in the immediate area, and flanked by national retailers such as Target, Petco, JC Penney, Shop 'n Save, Starbucks and Red Robin, to name a few, the area is poised for significant growth for years to come. |
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| | Bridgestone/Firestone
8025 Hawk Ridge Trail
Dardenne (St. Louis),
MO
63367
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General Info | | Property Type
Retail
Price
$2,718,750
Building Size
7,609 sqft
Land Area
1.57 Acres
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Cap Rate
8.00%
Current NOI
$217,500
Status
Available
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| Highlights |
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Free-standing Bridgestone/Firestone located in Dardenne (St. Louis), Missouri
- Fifteen-year lease term with four renewal options at five years each
- 6.5% rent increases every 5 years
- NN, Landlord is responsible for roof, structure and parking (replacement only)
- Guaranteed by the world's largest chain of company-owned auto care centers
- Located in a top ten "Best Places to Live 2009" city
- Average household income of $117,000 and population growth of 70% drastically surpass national averages
- Adjacent retailers include Target, Petco, JC Penney, Shop 'n Save, Starbucks, Red Robin and many others
- Ideal transaction size for an all-cash or 1031 exchange investor seeking a high-quality, secure net lease property
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