Firestone
Baskersfield, CA

The Firestone Tire and Rubber Company is an American tire company founded by Harvey Samuel Firestone in 1900 to supply pneumatic tires for wagons, buggies, and other forms of wheeled transportation common in the era. Firestone soon saw the huge potential for marketing tires for automobiles. The company was a pioneer in the mass production of tires. Harvey Firestone had a friendship with Henry Ford. Firestone used this relationship to become the original equipment supplier of Ford Motor Company automobiles, and was also active in the replacement market. In 1988, the company was sold to the Japanese Bridgestone Corporation.
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Positives:
- Nationwide presence with high brand recognition
- Typically Long term leases with increases
Negatives:
- Currently Not Rated
- Increase pressures from online sales models
Market Snapshots:
On Market Ranges:
# of Properties in set: 5
Price: $3,351,340 - $4,588,150Average: $3,989,692
PPSF: $490 - $570Average: $520
Year Built: 1964 - 2007Average: 1984
CAP Rate Range: 6.19% - 6.91%Average: 6.58%
Size range: 6,255 sq ft - 12,125 sq ft Average: 8,184 sq ft
Last 12 Month Range:
# of Properties in set: 5
Price: $2,755,920 - $3,429,590Average: $3,062,132
PPSF: $289 - $347Average: $321
Year Built: 1997 - 2017Average: 2004
CAP Rate Range: 4.77% - 6.49%Average: 5.55%
Size range: 6,572 sq ft - 9,015 sq ft Average: 7,499 sq ft
Firestone Company Profile
Headquarters Information
Nashville, Tennessee
Founded in 1900
Company type: Public
Parent Company: Bridgestone
Sector: Services
Industry: Manufacturing
# of Employees: 40,000