Bridgestone/ Firestone

Tenant Description

Bridgestone (parent company of Firestone) is one of the largest tire retailers in the world. They operate over 2,200 locations and sell tires for passenger, light truck, bus, construction, mining, agricultural, motorcycle, and kart applications.

What We Like About Bridgestone/ Firestone

Strong Credit, E-Commerce Resistant Business Model, Rental Increases In Primary Term

What To Look For When Buying A Bridgestone/ Firestone

Landlord Responsibilities Typically Include Roof & Structure, but make sure to read the lease because it can occasionally include additional CAMS (Common Area Maintenance)

Competition

Goodyear, Big O Tires

What Is Sold In A Bridgestone/Firestone

Bridgestone encompass automotive components, industrial products, polyurethane foam products, construction materials, parts and materials for electronic equipment, bicycles and sporting goods. The main business comes from Tires

Bridgestone/ Firestone Website

https://www.bridgestoneamericas.com/en/index

Corporate Office Location

200 4th Avenue S. – Nashville, TN 37201

Fast Facts

Bridgestone was founded in 1931 by Shojiro Ishibashi in Japan.

In 1988, Bridgestone acquired Firestone Tire & Rubber Company to transform into one of the largest tire and rubber companies in the world.

As of 2017, the company is the largest manufacturer of tires in the world, followed by Michelin (France), Goodyear (United States), Continental (Germany) and Pirelli (Italy).

Bridgestone is currently ranked #365 on the Fortune 500 list

Stock Price
Tenant News
Average Cap Rate Trend
6.00%
2019
5.75%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,750,000
Average Annual Rental Income$170,000
Average Price/SF$330
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PA
MoodysA2

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