GOODYEAR | Prime Retail Location on the Gulf Coast | 10 year lease

Highlights:

• Recently extended 10 year lease with mid term bump.
• Prominent location along U.S. Route 98 with traffic counts above 47,000 VPD
• Prime retail location on the Gulf Coast less than one mile from top notch white sand beaches, shopping, and restaurants
• High-growth tourist destination with over 4.5 Million annual visitors
• Income-tax free state
• Minimal LL responsibilities with a roof that was recently recoated in 2021 (LL has roof and structure only)
• Goodyear has over 2,000 locations and is one of the auto repair shops and tire companies in the world.
• Resistant to economic downturn or pandemic disruption
• Updated, clean 3rd parts reports including Survey & Phase 1
• Average annual household income of $104,233 within a five mile radius with projection to grow by over 15% in the next 3 years.
• COST SEG - ask broker for details on an estimated 23% year one tax write off for depreciation.

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