Tires Plus | Absolute NNN Lease

Description:

INVESTMENT HIGHLIGHTS
● Absolute NNN Lease – Zero Landlord Responsibilities: The property is subject to an Absolute Triple Net Lease, eliminating all landlord obligations.
● Established Location – 28 Years of Operating History: Tires Plus has been a fixture at this location since 1997, demonstrating nearly three decades of proven commitment to the site.
● Built-in 1% Annual Rent Increases - The lease includes 1.00% annual rental escalations, providing a reliable hedge against inflation and ensuring steady income growth over time.
● Strong Mobility Data: This location ranks in the 79th Percentile for Tires Plus properties Nationally reflecting strong site traffic and customer engagement.

LOCATION HIGHLIGHTS
● Thriving Retail Corridor - Situated along Washington Road, one of Augusta’s primary retail arteries, surrounded by national retailers, restaurants, and daily-needs traffic drivers.
● High Traffic Counts & Excellent Visibility - The property benefits from strong traffic counts (38,500+ VPD) and prime frontage, providing outstanding visibility to a steady flow of local and commuter traffic.
● Proximity to Augusta National Golf Club - Located just minutes from the world-renowned Augusta National Golf Club, home of The Masters Tournament, drawing global visitors annually.

TENANT HIGHLIGHTS
● Investment-Grade Credit - Bridgestone offers a strong corporate guaranty, backed by A from S&P Global and A1 from Moody’s, reflecting solid financial strength.
● Global Public Company - With a market cap of ~$28 billion USD, Bridgestone is a leading global tire and mobility solutions provider, known for continuous innovation and a broad international presence.
● 90+ Years of Operational Excellence - Established in 1931, Bridgestone operates 2,000+ retail/service centers in the U.S. and manages 180+ manufacturing/R&D facilities across 25 countries.

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