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Goodyear Tire
West Mifflin, PA 15122

New Corp Extension- Dense Commercial Area · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
6,323 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.11 AC
Zoning
C-1
Parking
25 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
191 FT on Delwar Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signalized Intersection

About Goodyear Tire , West Mifflin, PA 15122

We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant net leased investment that is fully occupied by Goodyear Tire & Rubber Co. with 12.5 years remaining on a corporate guaranteed lease. Occupying this location since 1992; Goodyear has elected to extend the current lease early for an additional 10 years which speaks to the strength of this retail corridor as well as Goodyear’s commitment to this site. This lease provides investors with attractive 8% rental increases in year 2026 as well as each option period thereafter (3-5 year options), providing a hedge against inflation. Moreover, the roof was replaced in 2017 and comes with a brand new 10 year roof warranty that commenced July 16, 2018. This is a rare opportunity to buy one of the strongest automotive service retailers in the U.S., with 12.5 years remaining on a corporate guaranteed lease, in a proven retail location, with strong supporting fundamentals, replaceable rent, and minimal landlord obligations.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0312-J-00025-0000-00
Land Assessment
$277,500
Improvements Assessment
$535,300
Total Assessment
$812,800
  • Listing ID: 14202410

  • Date on Market: 10/26/2018

  • Last Updated:

  • Address: Goodyear Tire, West Mifflin, PA 15122

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