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Goodyear
Asset ClassRetail
NNN Corporate Building Lease │ Depreciation Advantage │ Long-Term Tenant Commitment
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Overview

  • Asking Price,: $1,703,000
  • Cap Rate: 5.85%
  • Annual Rent: $99,629
  • Acreage: 0.65 AC
  • Lease Type: Absolute NNN
  • Year Built: 1988
  • Remaining Lease Term: 8 years
  • Options: One (1) 5-year option
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Investment Highlights

ABSOLUTE NNN CORPORATE BUILDING LEASE This NNN lease property offers more than eight years of remaining term, along with one five-year renewal option, and requires no landlord management responsibilities—making it an attractive opportunity for investors seeking a truly passive, long-term investment.

WORLD RENOWNED BRAND Goodyear (NASDAQ: GT) is a globally recognized leader in the tire industry, known for its iconic brand and extensive international presence. The company is fully integrated across the value chain—from tire development and manufacturing to marketing and distribution—operating 57 facilities across 23 countries. Supported by a workforce of approximately 72,000 employees, Goodyear has thrived for more than 125 years as one of the most established names in the sector. The company holds an S&P credit rating of B+ and, as of September 2025, reported a market capitalization of $2.44 billion with 286.05 million shares outstanding.

STRONG RENTAL GROWTH The lease provides a scheduled rent increase during the remaining term, along with a 10% escalation at the five-year renewal option, ensuring steady income growth for investors.

LONG-TERM TENANT COMMITMENT Goodyear has operated at this location for over 37 years, demonstrating its long-standing commitment and the strategic importance of this site to its business.

DEPRECIATION ADVANTAGE The fee simple ownership allows investors to benefit from valuable tax advantages through property depreciation, enhancing after-tax returns.

STRATEGIC HIGH-TRAFFIC LOCATION This Goodyear benefits from its prime position adjacent to Sunbury Plaza, a Kroger-anchored shopping center ranked in the top 20% of neighborhood centers in Ohio with 1.7M annual visits. Kroger itself ranks in the top 7% of grocery stores nationwide, driving consistent customer traffic to the area. To the west, the property is supported by Kroger’s corporate offices and Hondros College, a leading real estate and nursing school with more than 2,600 students. To the east, McDonald’s further enhances daily traffic, ranking in the top 16% of QSRs in Ohio with 114K annual visits.

PREMIER HIGHWAY ACCESS & VISIBILITY Positioned just off the Interstate 270 and State Route 161 interchange, this Goodyear site offers exceptional connectivity and prominent visibility along Sunbury Road, a heavily trafficked corridor that drives consistent customer exposure.

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4403 Executive PkwyWesterville, OH 43081
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Listing provided by Revere CRE