FIRESTONE | $3,217,000 | 7.25% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Firestone a single-tenant property located at 1482 Stringtown Road, Columbus (Grove City), Ohio 43123.
The subject property is comprised of 7,832 square feet built in 2009. The building sits on a large 1.28 Acre lot with frontage on Stringtown Road that oversees 31,100+ Vehicles Per Day.
Firestone benefits from a substantial built-in customer base with a population of 580,100+ & 237,900+ households in a 10-mile radius, as well as an average household income of $70,414. Strategically located, Firestone sits in the heart of a major retail corridor in Grove City and just ½ mile from Interstate-71 which oversees 86,500+ vehicles per day.
Firestone Tire and Rubber Company is an American tire company founded by Harvey Firestone in 1900. Firestone soon saw the huge potential for marketing tires for automobiles, and the company was a pioneer in the mass production of tires. Harvey Firestone had a personal friendship with Henry Ford and became the original equipment supplier of Ford Motor Company
Bridgestone was founded in 1931 in Japan and became Japan’s largest tire manufacturer. In 1988 Bridgestone acquired Firestone to transform into the world’s largest tire and rubber company with 2,200 locations, 143,600 employees and $32.9 Billion in Revenue. The operations in the Americas were renamed Bridgestone/Firestone, Inc and Bridgestone Retail Operations, LLC, comprises the entire U.S. retail division of Bridgestone/Firestone. Bridgestone is the ultimate parent company of the tenant. Bridgestone (NYSE: BRDCY) is ranked #365 on the Fortune 500 list and has an A credit rating with S&P and A2 with Moody’s.