Goodyear Auto Service

Highlights

• Double Net (NN) Lease: Landlord is responsible only for roof and structure
• Freestanding Building: 9,624 SF situated on a 0.75-acre parcel
• Long-Term Tenant Commitment: Goodyear has operated at this location since 1969, demonstrating over 55 years of continuous occupancy
• Recent Lease Extension: Tenant recently extended the lease for an additional 10 years
• Strong Placer AI Data: This location ranks in the 100th percentile in the state
• Corporate Guarantee: Lease is backed by The Goodyear Tire & Rubber Company (NASDAQ: GT), providing added security for investors
• Strong Store Sales: Tenant reports healthy sales performance at this location
• Average household income within a 1-mile radius exceeds $63,000 and Population of over 170,000 residents within a 5-mile radius
• Strong Traffic Counts: Located on N Clinton Street with traffic counts exceeding 29,500 vehicles per day. Subject site near Coliseum Boulevard, which sees over 48,600 vehicles per day
• Neighboring tenants include Dick’s Sporting Goods, McDonald’s, CVS, Target, Chipotle, Panera, JCPenney, Five Below, HomeGoods, Ross, Petco, Starbucks, Dollar Tree, Dairy Queen, and more
• Directly across from Glenbrook Square Mall, a 1.2 million SF regional shopping center anchored by numerous national brands

Description

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Fort Wayne is a city in Allen County, Indiana, United States, and its county seat. Located in northeastern Indiana, the city is 18 miles (29 km) west of the Ohio border[11] and 50 miles (80 km) south of the Michigan border. The city's population was 263,886 at the 2020 census, making it the second-most populous city in Indiana after Indianapolis, and the 83rd-most populous city in the U.S. The Fort Wayne metropolitan area, consisting of Allen and Whitley counties, has an estimated population of 463,000.[14] Fort Wayne is the cultural and economic center of northeastern Indiana.

In 2017, the Fort Wayne metropolitan area had a gross domestic product (GDP) of $25.7 billion. The top four industries were manufacturing ($8.1B), health care ($2.54B), retail trade ($1.4B), and finance and insurance ($1.3B). Government, if it had been a private industry, would have tied for third, generating $1.4 billion.

Manufacturing is deeply rooted in Fort Wayne's economic history, dating to the earliest days of the city's growth as an important trade stop along the Wabash and Erie Canal. Railroads, introduced shortly after the canal's arrival, eased travel from Fort Wayne to other booming industrial centers along the Great Lakes, such as Chicago, Detroit, Toledo, and Cleveland. Throughout the early and mid-20th century, manufacturing dominated the city's economic landscape. From 1900 to 1930, Fort Wayne's industrial output expanded by 747 percent, with total production valued at $95 million in 1929, up from $11 million in 1899. The total workforce also increased from 18,000 in 1900 to nearly 50,000 in 1930.