Firestone Complete Auto Care Crawfordville Hwy & Linzy Store Rd

Fortis Net Lease is pleased to present this 6,222 SF. Firestone Complete Auto Care store located in Crawfordville, Florida. This property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the five (5 year) options to renew. The store is under construction with rent start and opening on track for March 2025.
This Firestone store is highly visible as it is strategically positioned on the corner of Linzy Store Road & Crawfordville Highway (Hwy 319) seeing 16,000 cars per day. It is adjacent to a Walmart Supercenter (seeing 1.9 Million visitors annually) and accessible from the Walmart parking lot and across the street from a Dollar Tree anchored shopping center. The five mile population from the site is 20,442 while the one mile average household income is $100,842 per year, which is ideal for a Firestone. This area is also experiencing excellent growth with one mile population growth rate at 14.21%. the The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Firestone. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant. List price reflects a cap rate of 5.15% based on NOI of $257,919.96.