Firestone Complete Auto Care NNN Property For Sale — Somersworth, NH
442 High Street, Somersworth, NH 03878
This brand new, freestanding Firestone Complete Auto Care property offers investors a secure triple net lease opportunity in Somersworth, New Hampshire. The tenant, Bridgestone Retail Operations, LLC, has committed to a new 15-year absolute NNN lease with five 5-year options, ensuring long-term stability. The lease features attractive 5% rental increases every five years, providing a hedge against inflation and consistent NOI growth. With an estimated grand opening in May 2021, the property boasts modern construction and an appealing facade. Situated on High St., a prominent thoroughfare with high traffic counts exceeding 20,000 vehicles daily, the location benefits from excellent visibility and convenient access. The property is strategically positioned near major retailers including Wal…
- Address: 442 High Street, Somersworth, NH 03878
- Asking price $4.41M
- 4.50% cap rate
- NOI $198,310
- 15 years remaining
- NNN lease
- Year built: 2021
- Building size: 5,800 SF
- Rent increases: 5% rental increases every 5 years throughout the initial term and at the beginning of each option period
- Guarantor: Corporate
Location
This Firestone Complete Auto Care property is at 442 High Street in Somersworth, New Hampshire.
Asset type: Retail