Brauvin has acquired the Bridgestone/Firestone building located in Grove City, OH (suburban Columbus) for $2,465,000 plus closing cost. The property is newly constructed and contains 7,832 square feet situated on a 1.28 acre parcel. It is leased to BFS Retail & Commercial Operations, LLC, (“BFSR”) a wholly-owned subsidiary of Bridgestone Corporation. Bridgestone Corporation has an S&P Sr. Unsecured rating of BBB+/Stable and had full year 2008 global sales of $35.5 billion. BFSR has over 2,100 operating units in the United States. The lease with BFSR is triple net with regard to occupancy costs, but excluding costs related to roof and structure. The initial lease term is for 15 years and has four 5 year renewal options

The property is adjacent to the 1 million square foot Parkway Centre. This development is anchored by Super Wal-Mart, Home Depot and Super Target. The minor anchors include Dick’s Sporting Goods, Best Buy, Staples, TJ Maxx, Michaels, Bed Bath & Beyond and PetSmart. Parkway Centre is the largest regional shopping center along the southwestern “ring road” for Columbus.

Brauvin Net Lease, LLC specializes in the acquisition of single tenant, net lease properties throughout the United States. Brauvin has acquired assets in thirty-three states to date and has significant discretionary funding capacity. More information on Brauvin is available at brauvin.com