Firestone

Sold

Firestone

Colorado Springs, CO 80921

Price

$4,398,000

Cap Rate: %

Lead Broker

David Dobek

720.764.3371 David@BlueWestCapital.com

Corporate Guaranty | S&P: A

Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Firestone located in Colorado Springs, CO. Firestone is an investment-grade rated tenant (S&P: A). The brand new construction property has a long-term lease with over 13.5 years remaining and no landlord responsibilities. The lease also features rental increases every five years in the primary term and renewal options. Bridgestone/Firestone is the largest manufacturer of tires in the world and is publicly traded with a market capitalization of $26 billion

Colorado Springs is the second-most populous city in Colorado. The property sits in a dynamic and rapidly expanding northern Colorado Springs retail trade area and is positioned adjacent to InterQuest Marketplace, a ±900,000 square foot mixed-use development. The affluent area boasts of $147,000 average household incomes within three miles.

Investment Highlights

Firestone is an investment grade rated tenant (S&P: A)
Long term lease with over 13.5 years remaining
Absolute triple net lease with zero landlord responsibilities
Brand-new construction building (2021)
Fixed rental increases every five years during the primary term and options
Bridgestone/Firestone is the largest manufacturer of tires in the world and is publicly traded with a market capitalization of $26 billion

1358 Republic Drive, Colorado Springs, CO, 80921

Location Highlights

Located in Colorado Springs, the 2nd most populous city in Colorado
Dynamic and rapidly expanding North Colorado Springs retail trade area and positioned adjacent to InterQuest Marketplace, a 900,000+ SF mixed-use development
Affluent surrounding area with average household incomes in excess of $147,000 within three miles
Rapidly expanding area with 3.64% projected annual population growth within one mile
Close proximity to the U.S. Air Force Academy with 4,307 students and 1 million visitors annually
Directly across the street from the first In-N-Out in Colorado and in immediate proximity to In-N-Out’s 250,000 SF corporate campus and distribution center
Located just off the heavily trafficked signalized intersection of Voyager Parkway & InterQuest Parkway (50,000+ VPD)
Across the street from New Life Church with more than 10,000 members
Just west of Interstate 25 (107,000 VPD)