A household tire brand with corporate leases, below-investment-grade credit and a turnaround in progress, and what that means for your lease, from a NNN buyer’s broker with 225+ transactions.
A Goodyear NNN property is a freestanding tire and auto service center with multiple service bays, leased to The Goodyear Tire & Rubber Company (NASDAQ: GT) of Akron, Ohio, on a NNN lease. Goodyear runs about 505 company-owned retail outlets in the Americas, mostly under the Goodyear and Just Tires names; most Goodyear tires are sold through independent dealers, whose stores are not Goodyear leases.
Goodyear is rated B+ by S&P and B1 by Moody’s, below investment grade. It sold its Dunlop brand and other businesses in 2025 to pay down debt and is still reporting losses, though management says U.S. retail is performing better than it has in decades. Solid Investments FL helps buyers weigh that credit against the lease and the real estate before buying on a 1031 exchange. Our buyer representation is always free to you.
| Tenant / guarantor | The Goodyear Tire & Rubber Company or a subsidiary; confirm on each lease |
|---|---|
| Headquarters | Akron, Ohio |
| Credit rating | S&P B+ / Moody’s B1, below investment grade |
| Stores | About 505 company-owned retail outlets in the Americas (Goodyear and Just Tires), plus independent dealers |
| Recent news | Sold the Dunlop brand and other businesses in 2025; still reporting net losses in 2026 |
| Building | Multi-bay tire and service center |
| Typical lease term | 15 years on new leases |
| Lease type | NNN or absolute NNN |
| Rent increases | Typically 10% every 5 years |
| Typical cap rate (2026) | About 5.25%–6.25%, depending on term, guarantor and location |
| Typical price range | About $1.5M–$3M |
Store counts from Goodyear’s 2025 annual report; credit ratings as of 2025–2026. Cap rates and pricing reflect current market conditions and vary by deal.
Only company-owned stores carry a Goodyear corporate lease. A store with Goodyear signs may be run by an independent dealer. Confirm exactly who the tenant is.
Goodyear is rated single-B, below investment grade, and is still restructuring. Lease term, rent level and real estate carry extra weight.
Tires, oil, fluids and lifts mean environmental exposure. Get a Phase I environmental report and read the lease’s environmental clauses.
A multi-bay service building is best suited to another auto user. Compare the rent per square foot to local auto-service rents.
Longer remaining terms protect you through Goodyear’s turnaround. Shorter terms should trade at higher cap rates.
Busy corridors with easy access and dense neighborhoods keep a tire and service site valuable to 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 Goodyear and other auto service properties nationwide, and our buyer representation is free.
As of 2026, Goodyear NNN properties generally trade around 5.25% to 6.25% cap rates, depending on the remaining term, the guarantor and the location.
No. Goodyear is rated B+ by S&P and B1 by Moody's, below investment grade. It sold its Dunlop brand and other businesses in 2025 to reduce debt.
No. Goodyear runs about 505 company-owned retail outlets in the Americas, but most Goodyear tires are sold through independent dealers. Only company-owned stores carry a Goodyear corporate lease.
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 weigh the credit, the lease and the real estate. Tell us your budget and timeline; our buyer representation is completely free.
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