Phone: 212.972.3947 Fax: 212.686.0078 [email protected]www.exp1031.com Price: $600,000 | NOI: $48,000 | CAP: 8.00% The Goodyear Tire & Rubber Company | NASDAQ: GT Goodyear has been operating at this location for nearly 30 yrs Recent lease extension Located just off I-465 on Washington St. Traffic counts in excess of 60,000 VPD on Washington St. Surrounded by national retailers Over 175,000 people within 5 miles of the property Exclusive Offering This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. Goodyear 1303 South High School Rd, Indianapolis, IN subject property
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Goodyear has been operating at this location for nearly 30 yrs
Recent lease extension
Located just off I-465 on Washington St.
Traffic counts in excess of 60,000 VPD on Washington St.
Surrounded by national retailers
Over 175,000 people within 5 miles of the property
Exclusive Offering
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Goodyear
Investment Overview
PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a free-standing Goodyear Tire located in Indianapolis, IN. Goodyear’s lease at this location began in 1986 and they recently extended for 5 yrs. The property is located just off the Washington St (60,000+ cars) exit of I-465 on a main retail corridor. Within 5 miles of the store there are over 175,000 people. Retailers in the immediate area include Kmart, McDonald's, Arby's, Sherwin Williams, Carl's Jr., Subway, Circle K, Jiffy Lube, Supercuts, and PNC Bank among others. The Indianapolis International Airport is located one mile south of the subject property. The property is a short drive from downtown Indianapolis. LOCATION OVERVIEW: Indianapolis is the capital of Indiana. With a population of 843,393 in 2013, it the 12th largest city in the U.S.; the Indianapolis metropolitan area ranks 33rd largest in the U.S., with a 2013 population estimate of 1,953,961. Indianapolis has a diverse economy, relying on trade, transportation, and utilities, professional and business services, education and health services, government, retail trade, leisure and hospitality, and manufacturing. Three Fortune 500 companies are based in the city. LEASE SUMMARY: Original Commencement: February 18th, 1986 Lease Expiration: May 31st, 2020 Current Rent: $48,000 ($7.40 psf) Options: One (5) yr option - $50,000 from 6/1/2020 to 5/31/2025 Lease Type: Double Net – Landlord responsible for roof & structure. The roof was replaced in December of 2006 TENANT OVERVIEW: The Goodyear Tire & Rubber Company (NASDAQ: GT | S&P: BB) The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products. The company offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands. It also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; manufactures and sells rubber-related chemical products; and provides automotive repair services, and miscellaneous other products and services. The company operates approximately 1,200 tire and auto service center outlets, where it offers products for retail sale, and provides automotive repair and other services. The company was founded in 1898 and is headquartered in Akron, Ohio. Goodyear is also known for the Goodyear Blimp. The first Goodyear blimp flew in 1925. Today it is one of the most recognizable advertising icons in America. The company is the most successful tire supplier in Formula One history, with more starts, wins, and constructors' championships than any other tire supplier.
INVESTMENT SUMMARY
Price: $600,000
CAP Rate: 8.00%
NOI: $48,000
Bld. Sq Ft: 6,488 sf
Land Size: 0.50 acres
Lease Type: NN Lease
subject property
Whisper Valley Ranch
Property Line Map
Goodyear
Aerial
AERIAL This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Indianapolis
International Airport
Whisper Valley Ranch
Property Line Map
Goodyear
Location Map
LOCATION MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Goodyear
Location Map
LOCATION MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Indianapolis
International Airport
DEMOGRAPHIC DATA
Whisper Valley Ranch
Property Line Map
Goodyear
Demographic Data
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.