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| Firestone Auto Care |
951 Sterling Parkway, Lincoln, California
Purchase Price: $3,768,352
• Fifteen (15) year primary lease
• Four (4) x5 year option periods
• NN (Double Net Lease)
• 10% rent increases every 5 years through options
Land Area: ± 1.25 Acres, Building Area: ± 7,575 SF
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Willis Ventures is excited to announce that our brokerage has closed escrow on a Firestone Auto Care in Lincoln, California. The property sold for $3,768,352 with a 6.25% capitalization rate.
Bridgestone Americas Holding, Inc., through its subsidiaries, is an international manufacturer with 55 production facilities throughout the Americas. The Nashville Tennessee-based company is the largest subsidiary of Bridgestone Corporation, based in Tokyo, Japan.
The subject property is located in Lincoln, California. Lincoln is considered a northern suburb of Sacramento. The subject property is located within the Villages at Sterling Shopping Center, which is a mixed use ± 133,339 SF project under development. Across the street is the recently completed Raley’s Grocery anchored center, which includes such tenants as: Bank of America, Washington Mutual, Wells Fargo, Wendy’s, Hollywood Video, Applebee’s, KFC, and Coldstone. Some of the other national tenants in the surrounding area include: Safeway, Circle K, Longs Drugs, Albertsons, Kohl’s, Target, Costco, Marshall’s, Best Buy, Kmart, Sears, PF Chang’s, Round Table, Olive Garden, IHOP, Red Robbin, Bucca Di Beppo, Panda Express, Ruth’s Chris, and Carl’s Jr.
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