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NNN Goodyear for Sale
Goodyear is a publicly traded tire maker that also operates approximately 750 retail outlets where it sells tires and provides repair and other services (Goodyear 2025 Form 10-K). The Boulder Group lists a typical Goodyear net lease as triple net, with a 15-year term and 10% rent increases every five years, and gives Goodyear an S&P credit rating of B+, which is below investment grade (The Boulder Group, September 2026). Here is how the lease, the pricing and the tenant fit together.
B+
S&P credit rating
~750
Company retail outlets
15 Years
Typical lease term
10%
Increase every 5 years
7,200 SF
Typical building size
Triple Net
Typical lease type
Sources: The Boulder Group, Net Lease Tenant Profiles, September 2026; Goodyear 2025 Form 10-K (approximate retail outlet count). Boulder lists 1,100 Goodyear locations, which may be counted differently.
Key Takeaways
Tenant & Credit Profile
Goodyear is a publicly traded tire maker rated B+ by S&P, which is below investment grade (The Boulder Group, September 2026). It reported a net loss of $1.72 billion on $18.28 billion of net sales in 2025 (Goodyear 2025 Form 10-K).
Typically Triple Net Leases
Boulder lists a typical Goodyear lease as triple net, with a 15-year term and 10% rent increases every five years (The Boulder Group, September 2026). Confirm who is responsible for the roof and structure in any lease you review.
Cap Rates by Remaining Term
Goodyear properties currently show asking cap rates of 6.00% – 6.30% with 10 years remaining and 5.65% – 5.95% for a new 15-year lease (The Boulder Group, September 2026). Shorter remaining terms price higher.
Watch Cash Flow and Debt
In the first six months of 2026, Goodyear used $620 million of cash in operations, and in June it issued $1.05 billion of 8.875% senior notes due 2032 (Goodyear Q2 2026 Form 10-Q).
Goodyear NNN Cap Rates and Lease Data
If you’re weighing a Goodyear property, three things shape what you’ll earn: who the tenant is, how the lease is structured, and what yield you’re paying for. Here’s how they fit together.
On the tenant, Goodyear is rated B+ by S&P, which is below investment grade, so look closely at the company’s finances (more on that below). Boulder’s typical lease runs 15 years with a 10% rent increase every five years.1 That works out to about 2% a year, so rent growth adds more over a full term than it would on a 5% bump. Boulder lists the lease type as triple net, but who handles the roof and structure can vary by lease, so confirm it before you buy.
On yield, Boulder shows asking cap rates of 5.65% – 5.95% on a new 15-year lease, 6.00% – 6.30% with 10 years left, and 6.60% – 6.90% with 5 years left.2 The pattern is worth knowing: as the remaining term gets shorter, the yield goes up. You’re being paid more to take on the question of whether Goodyear renews when the lease ends. These are asking rates, not closed sales, so treat them as a guide to where pricing starts.
In dollars, Boulder puts the average sale price at about $2.57 million with average rent of about $155,000 a year. On a typical 7,200 SF building, that works out to roughly $356 per square foot in price and about $21.50 per square foot in rent.3
1. The Boulder Group, Net Lease Tenant Profiles, September 2026, p. 39. Credit rating is S&P, as reported by Boulder; lease type, term and escalations are Boulder’s typical values. The 2% a year figure is our calculation (10% over five years, compounded). ↩
2. The Boulder Group, Net Lease Tenant Profiles, September 2026, p. 39. Asking cap rates as of September 2026. ↩
3. The Boulder Group, Net Lease Tenant Profiles, September 2026, p. 39. Average sale price, average rent and typical building size as reported by Boulder; the per-square-foot figures are our calculation ($2,565,000 and $155,000 divided by 7,200 SF). Boulder lists 1,100 Goodyear locations, while Goodyear’s 2025 Form 10-K reports approximately 750 retail outlets; the two may be counted differently. ↩
Goodyear as a Tenant
How Goodyear operates
Goodyear is one of the world’s leading tire manufacturers. It also operates one of the world’s largest commercial truck service and tire retreading networks, and approximately 750 retail outlets where it sells its products to consumer and commercial customers and provides repair and other services (Goodyear 2025 Form 10-K).
For an investor, the retail outlet is the property. Boulder lists the typical building at 7,200 SF, on a 15-year lease with 10% rent increases every five years (The Boulder Group, September 2026). Ask to see the lease to confirm who is responsible for the roof and structure, and ask for the store’s sales history if the tenant will share it.
Financial strength and recent results
Goodyear reported 2025 net sales of $18.28 billion and a net loss of $1.72 billion (Goodyear 2025 Form 10-K). In the first quarter of 2026, net sales were $3.88 billion, down 8.7%, with a net loss of $249 million (Goodyear Q1 2026 Form 10-Q). Second-quarter net sales fell 4.8% from a year earlier, with tire unit volume down 4% (Zacks, via Chartmill).
Management is cutting costs through its Goodyear Forward plan, which it expects to deliver about $325 million of benefits in 2026 (Nasdaq/Zacks). In June 2026 it issued $1.05 billion of 8.875% senior notes due 2032 (Goodyear Q2 2026 Form 10-Q). Review its current credit ratings from the major agencies and its SEC filings as part of your due diligence.
Why Investors Buy Goodyear Properties
Goodyear’s case for a net lease buyer rests on the lease terms and the pricing. Boulder’s typical lease is triple net with a 15-year term and 10% rent increases every five years, a bigger step-up than the 5% every five years it lists for Dollar General (The Boulder Group, September 2026).
On pricing, Goodyear’s 10-year asking range of 6.00% – 6.30% compares with 5.50% – 5.80% for Jack in the Box, 6.30% – 6.60% for KFC and 4.50% – 4.80% for McDonald’s (The Boulder Group, September 2026).
Check whether the tenant on a specific property is Goodyear itself or an independent operator, because that changes who stands behind the lease.
Risks and Market Conditions
The main question is the tenant’s finances. Goodyear lost $1.72 billion in 2025 and $249 million in the first quarter of 2026, and it is in the middle of a restructuring under its Goodyear Forward plan (10-K, 10-Q, Nasdaq/Zacks). A B+ rating is below investment grade, so a long lease is only as good as the company behind it.
Cash flow and debt are the things to watch. Goodyear used $620 million of cash in operations in the first half of 2026 and issued $1.05 billion of new notes in June (Q2 2026 Form 10-Q). If Goodyear doesn’t renew when the lease ends, you would be looking for a new tenant for a tire and service building, so the location and the remaining lease term matter as much as the brand.
Build a Diversified NNN Portfolio
Pairing a Goodyear with other net-lease brands spreads risk across tenants, industries and markets. Compare other brands we help buyers acquire:
Goodyear NNN FAQs
How are Goodyear leases structured?
Boulder lists a typical Goodyear lease as triple net, with a 15-year term and 10% rent increases every five years (The Boulder Group, September 2026). Who handles the roof and structure can vary by lease, so confirm it in the lease you’re reviewing.
What cap rate do Goodyear properties trade at?
Asking cap rates for Goodyear properties currently run 6.60% – 6.90% with 5 years remaining, 6.00% – 6.30% with 10 years remaining and 5.65% – 5.95% for a new 15-year lease (The Boulder Group, September 2026). Actual cap rates vary by location, remaining lease term, guarantor and rent history. Contact us for current cap rates on specific Goodyear listings.
What does a Goodyear property cost?
The Boulder Group reports an average sale price of about $2.57 million with average annual rent of about $155,000 (September 2026). Price depends on location, building size, remaining lease term and guarantor.
How financially strong is Goodyear?
Can Goodyear properties be used in a 1031 exchange?
Net lease properties are commonly used as replacement property in a 1031 exchange, but whether a particular purchase qualifies depends on your situation. Talk with your qualified intermediary and tax advisor, and contact us to discuss Goodyear properties that fit your timeline.
Questions about NNN Goodyear Properties for Sale?
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Contact Our Team →Disclaimer
Market data, cap rates, and tenant statistics on this page come from third-party reports and company disclosures, cited in the footnotes. We believe these sources are reliable but do not guarantee their accuracy or completeness. Figures reflect the date of each source and change with market conditions, so verify current numbers before relying on them.