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NOI Net Operating Income
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Key facts

Year Built 1985
Building Area Gross
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee-simple interest in a Goodyear Tire & Service Center (the “Property” or “Asset”) located approximately 20 miles southeast of downtown Memphis in Memphis, Tennessee. The subject property is leased to The Goodyear Tire & Rubber Company, currently ranked the fourth largest tire manufacturer in the world with a “BB-” credit rating and “Stable” outlook from Standard and Poor’s.


Goodyear recently signed a 10-year lease extension, demonstrating long-term commitment to the site that is located one mile west of Highway-385 (132K VPD) and directly along Winchester Road (33K VPD) within a highly trafficked and dense retail corridor of Memphis.


This offering presents the unique opportunity to acquire a long-term and passive investment leased to a nationally recognized tenant in one of the most highly sought-after states in the county.

Investment highlights

  • Features a NN lease with over 10.5 years remaining
  • Goodyear recently executed a 10-year extension demonstrating long-term site commitment
  • Located one mile west of Highway-385 within dense retail corridor
  • Business friendly right-to-work state with no personal income tax
  • Includes industry leading + nationally recognized tenancy
  • Below market rent with high renewal probability

BOR: Tom Hooper License: TN#283775

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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