A century-old auto service brand backed by an A-rated global parent, and why you need to read exactly who signs the lease, from a NNN buyer’s broker with 225+ transactions.
A Firestone NNN property is a freestanding auto service center with multiple service bays, with new stores around 6,600 square feet, leased on a long-term NNN lease, typically 15 years with 10% rent increases every five years on new deals. Firestone Complete Auto Care has more than 1,800 company-operated stores in 48 states and celebrated its 100th year in 2026.
The stores are run by Bridgestone Retail Operations, LLC, part of Bridgestone Americas, whose parent, Bridgestone Corporation, is rated A by S&P and A1 by Moody’s. That parent credit only stands behind your rent if Bridgestone is the named tenant or guarantor, so who signs the lease is the first question on any Firestone purchase on a 1031 exchange. Solid Investments FL helps buyers answer it, and our buyer representation is always free to you.
| Tenant | Usually Bridgestone Retail Operations, LLC; confirm whether Bridgestone Americas or Bridgestone Corporation guarantees the lease |
|---|---|
| Parent company | Bridgestone Corporation (Tokyo: 5108), through Bridgestone Americas in Nashville, Tennessee |
| Credit rating | Bridgestone Corporation: S&P A / Moody’s A1; the retail subsidiary is not separately rated |
| Stores | 1,800+ Firestone Complete Auto Care stores; 2,200+ Bridgestone retail locations in total |
| Building size | New stores about 6,600 SF with multiple service bays |
| Typical lease term | 15 years on new leases |
| Lease type | NNN or absolute NNN; fee simple and ground leases both trade |
| Rent increases | Typically 10% every 5 years |
| Typical cap rate (2026) | About 5.25%–6.25%, depending on the guarantor and remaining term |
| Typical price range | About $1.5M–$3M |
Store counts from Bridgestone Americas (June 2026); ratings for Bridgestone Corporation. Cap rates and pricing reflect current market conditions and vary by deal.
The A-rated credit belongs to Bridgestone Corporation. Many leases are signed by Bridgestone Retail Operations, LLC. Find out exactly which entity is the tenant and who, if anyone, guarantees it.
Some Firestone deals are ground leases, where you own the land and the tenant owns the building. The main drawback is that you can’t depreciate the building. The upsides: the tenant paid to build the store, so it has a strong vested interest in staying; ground rents are typically at or below market; and in most ground leases the building reverts to you when the tenant vacates or the lease ends (verify it in your lease). That’s why ground leases usually trade at lower cap rates.
Auto service means oil, fluids, lifts and waste. Get a Phase I environmental report and check how the lease assigns environmental responsibility.
A multi-bay service building is best suited to another auto user. Compare the rent per square foot to local auto-service rents to see how protected you are.
Stores with 10+ years left trade at lower cap rates. Shorter terms carry more renewal risk and price accordingly.
Confirm whether the lease is absolute NNN or leaves the roof, structure or parking lot with the landlord.
Strong auto-service sites have high traffic, easy access and dense surrounding neighborhoods, and they stay valuable for other auto brands.
Solid Investments FL is a NNN buyer's brokerage based in Lakewood Ranch (Sarasota), FL, with 225+ NNN transactions. We help investors and 1031 exchange buyers find, underwrite and close Firestone and other auto service properties nationwide, and our buyer representation is free.
As of 2026, Firestone NNN properties generally trade around 5.25% to 6.25% cap rates. Leases with a Bridgestone parent guarantee and long remaining terms trade at the lower end.
It varies. Firestone stores are operated by Bridgestone Retail Operations, LLC, and some leases are guaranteed by Bridgestone Americas or Bridgestone Corporation. Read the lease to see exactly which entity stands behind the rent.
Bridgestone Corporation, Firestone's ultimate parent, is rated A by S&P and A1 by Moody's. The retail operating subsidiary is not separately rated.
Many investors like them because car maintenance is needed in any economy. The key risks are environmental issues and re-leasing a specialized service building, so a Phase I report and a careful lease review are essential.
If you buy it fee simple, yes: you own the building and site improvements, which can be depreciated, and a cost segregation study can accelerate part of that. Confirm with your CPA.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
We’ll help you find the right store and confirm who stands behind the rent. Tell us your budget and timeline; our buyer representation is completely free.
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