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- LoopNet Team
Goodyear Tire
West Mifflin, PA 15122
New Corp Extension- Dense Commercial Area · Retail Property For Sale
PROPERTY FACTS
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
| Parcel Number | 0312-J-00025-0000-00 | Improvements Assessment | $535,300 |
| Land Assessment | $277,500 | Total Assessment | $812,800 |
PROPERTY TAXES
