November 22, 2022 – Zach Smith, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of a Firestone in Arnold, Missouri. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,722,748.
Firestone is located at 3720 Jeffco Boulevard in Arnold, Missouri. Firestone has operated at the Property since November 1997, and currently has 5+ years remaining on its double-net lease, with two (2), 5-year renewal options remaining. The lease features scheduled rent increases at the beginning of each option period. Firestone is situated at the well-trafficked, signalized intersection of Jeffco Boulevard and Richardson Road which sees more than 41,200 vehicles per day. The location is home to a number of national tenants and is in close proximity to Target, Home Depot, and the Schnucks-anchored Richardson Crossing Plaza. The area is surrounded by dense residential neighborhoods, providing a strong consumer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.