Firestone | 7021 NW 23rd St
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Firestone 7021 NW 23rd St
6,326 SF Retail Building Bethany, OK 73008 $1,456,000 ($230/SF) 6.25% Cap Rate
Investment Highlights
- 40+ Year Operating History, Strong Commitment to Site
- Strong Corporate, “A” Rated Investment Grade Tenant
- Absolute NNN Lease with Rental Increase in December 2024
Executive Summary
40+ Year Operating History, Strong Commitment to Site – Firestone has operated at this location since 1983 and has executed four extensions showing an unwavering commitment to the site
Absolute NNN Lease with Rental Increase in December 2024 – Allows an investor the opportunity to acquire a NNN asset on a truly passive income structure
Strong Corporate, “A” Rated Investment Grade Tenant – Bridgestone/Firestone has an investment grade credit rating of “A” by S&P and A2 by Moody’s
- Founded in 1900 Firestone is a wholly owned subsidiary of the Bridgestone Retail Operations, LLC, which has four retail brands and over 2,200 locations nationwide
- In 2023, Bridgestone (NYSE: BRDCY) had revenue in excess of $31.2 billion and ranked #413 on the Fortune Global 2000 list
Absolute NNN Lease with Rental Increase in December 2024 – Allows an investor the opportunity to acquire a NNN asset on a truly passive income structure
Strong Corporate, “A” Rated Investment Grade Tenant – Bridgestone/Firestone has an investment grade credit rating of “A” by S&P and A2 by Moody’s
- Founded in 1900 Firestone is a wholly owned subsidiary of the Bridgestone Retail Operations, LLC, which has four retail brands and over 2,200 locations nationwide
- In 2023, Bridgestone (NYSE: BRDCY) had revenue in excess of $31.2 billion and ranked #413 on the Fortune Global 2000 list
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,326 SF
Building Class
B
Year Built
1983
Price
$1,456,000
Price Per SF
$230
Cap Rate
6.25%
NOI
$91,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.92 AC
Parking
25 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 173887490 | Improvements Assessment | $66,761 |
Land Assessment | $18,562 | Total Assessment | $85,323 |
PROPERTY TAXES
Parcel Number
173887490
Land Assessment
$18,562
Improvements Assessment
$66,761
Total Assessment
$85,323
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Firestone | 7021 NW 23rd St
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