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While changing economic conditions have caused uncertainty throughout financial markets, cap rates on high-quality net leased assets remain relatively stable. Firestone is leading the pack in the net lease automotive space, trading at the most compressed cap rates out of all national automotive retailers. The tenant’s investment-grade credit profile, well-positioned real estate footprint, and essential retail services have fueled cap rate compression over the past 24 months to all-time lows. For example, our team recently sold a new Firestone in Clermont, Florida, at a 3.85% cap rate, setting the new record low cap rate for any Firestone ever sold in the South East.

The Q2 2022 Firestone Cap Rates Report summarizes many recent sales comps from the past 18 months. I am happy to speak with you and discuss how these comps may impact the value of your property.

To get your copy of the Q2 2022 Firestone Cap Rates report please request using the link below.

Request Report

Michael Salafia

Office: (786) 522-7134 michael.salafia@marcusmillichap.com 5201 Blue Lagoon Drive, Suite 100, Miami, FL License: FL: SL-3462183