Goodyear | Retail / Industrial Investment Opportunity

Highlights:

• Lease includes fixed 3% annual rent escalations throughout the remaining primary term and option periods, supporting predictable income growth and serving as a hedge against inflation.
• CoStar indicates current rents are below market. At lease renewal, rent resets to Fair Market Value, offering significant upside potential and increased landlord leverage.
• ±10,000 SF building featuring ±18-foot clear heights, 11 grade-level doors, situated on a ±1.37 AC parcel with a ±16.76% building coverage ratio.
• Leased to The Goodyear Tire & Rubber Company (NASDAQ: GT), one of the largest global tire manufacturers with operations in over 20 countries, providing a creditworthy and stable tenancy.
• Strategically positioned within the Tampa–St. Petersburg–Clearwater MSA, one of Florida’s fastest-growing metropolitan regions with a population exceeding ±3.3 million population.
• Immediate access to US-19, I-275, and the Bayside Bridge ensures efficient regional connectivity across the Tampa Bay area.
• Located within ±10 miles of St. Pete–Clearwater International Airport, ±15 miles from Tampa International Airport, and near Port Tampa Bay, a major Florida seaport supporting industrial and logistics demand.
• Surrounded by established business parks and industrial zones, drawing from a broad and diverse labor pool that sustains ongoing commercial and service-related demand.
• The property benefits from favorable demographic trends, including sustained population growth, strong income levels, and a healthy residential market.

Description:

Matthews is pleased to present a compelling Goodyear Tire & Rubber Co. investment opportunity in Clearwater, FL, strategically located in the heart of the rapidly growing Tampa Bay MSA. The offering features a ±10,000 SF industrial building situated on a ±1.37-acre parcel, boasting superior physical attributes including ±18’ clear heights, 11 grade-level doors, and a low ±16.76% site coverage ratio—allowing for efficient operations, optimized circulation, and long-term site flexibility.

The lease structure is equally attractive, featuring 3% annual rent increases throughout the base term and option periods, along with a reset to Fair Market Value at renewal. This ensures reliable income growth while creating the potential for meaningful upside as rental rates continue to appreciate in this supply-constrained market. Further enhancing security, the lease is backed by a corporate guarantee from Goodyear Tire & Rubber Co. (NASDAQ: GT), a Fortune 500 company generating over $20 billion in annual revenue. Goodyear is not only one of the most recognized names in the automotive industry, but also a brand with a 125+ year history of innovation and resilience—offering investors long-term stability with minimal operational risk.

Strategically located in one of Florida’s fastest-growing markets, the property enjoys excellent highway connectivity with direct access to major thoroughfares, close proximity to both Tampa International Airport and St. Pete–Clearwater International Airport, and easy reach to the broader Tampa Bay population. The surrounding area is characterized by strong demographics, with a dense, affluent consumer base that supports robust automotive and industrial demand. The combination of these factors positions the property as a mission-critical facility for Goodyear, further reinforcing the strength of the tenancy.

This offering represents a rare opportunity to acquire a high-quality, single-tenant asset in a top-performing market, supported by investment-grade credit, strong lease fundamentals, and superior real estate attributes. With its combination of secure income, growth potential, and premier location, the asset is well-positioned to deliver durable, long-term returns for investors.

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