Firestone

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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Parent Company: Bridgestone
Store Count: 0
S&P Rating: N/R
Moody Rating: N/R

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

S&P Rating: N/R
S&P Rating: N/R
No stock information is available for this tenant.
No news available for this tenant.

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