STREAM Capital Partners > Properties > All Properties > Firestone

Firestone

Sale Leaseback

625 Timberdale Lane, Houston, Texas
Ownership Type:
Fee Simple
Price:
$2,570,658
Cap Rate:
7.75%
Current Rent:
$199,226
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5 Year
Building Sq. Ft.:
5,612 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.73 Acres

Investment Highlights

  • Long Term Absolute NNN Lease: Brand new 15 year absolute NNN leases feature 10% rent increases every 5 years and no landlord maintenance responsibilities, providing a completely passive investment.
  • Strong Demographic Profile Supports Ongoing Service Demand: Located in a dense Houston trade area with approximately 110,000 within 3 miles, the property benefits from a large surrounding population base with continued projected growth through 2029, supporting long-term consumer demand and real estate value.
  • Firestone-Affiliated Automotive Brand Recognition: The property is operated as a Firestone-affiliated automotive service center, benefiting from the visibility, consumer familiarity, and trust associated with one of the most recognized names in automotive repair.
  • Surrounded by National Retailers: The property benefits from strong surrounding retail synergy, with nearby national brands including Kroger, Starbucks, Wells Fargo, Chase, IHOP, and Planet Fitness, reinforcing consumer traffic, daily convenience, and long-term real estate relevance within the broader trade area.
  • Large Guarantee: Guarantee will consistent of two entities doing $10mm in revenue and $1.1mm in EBITDA.
    Independent Sponsor Backed Business: Sponsor is buying related entities that will be under the same Holding Company with a revenue of $10 million and $1.1 million in EBITDA.
Ownership Type:
Fee Simple
Price:
$2,570,658
Cap Rate:
7.75%
Current Rent:
$199,226
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5 Year
Building Sq. Ft.:
5,612 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.73 Acres

Listing Agents

Brandon Krawitz

Associate
312.402.5053[email protected]

Graham Gold

Vice President
314 324 8792[email protected]

Broker of Record: Kyler Bean, Lic. #646910

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