Marcus & Millichap Brokers Sale of New Retail Property in Easley, South Carolina Leased to Firestone

Marcus & Millichap Brokers Sale of Single-Tenant Retail Property in Easley, South Carolina

Easley, S.C. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built, 5,798-square-foot retail property in Easley, roughly 12 miles west of Greenville. Firestone, a… The post Marcus & Millichap Brokers Sale of Single-Tenant Retail Property in Easley, South Carolina appeared first on Shopping Center Business.

Marcus & Millichap Brokers Sale of New Retail Property in Easley, South Carolina Leased to Firestone

EASLEY, S.C. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built, 5,798-square-foot retail property in Easley, roughly 12 miles west of Greenville. Firestone, a subsidiary of Japanese tire manufacturer Bridgestone, occupies the building on a 15–year, triple-net, corporate-guaranteed lease that features 5 percent rent increases every five years. A preferred developer for Firestone sold the property to a 1031 e…