Long Term Les Schwab Tire | Absolute NNN | 1024 23rd St SW
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Long Term Les Schwab Tire | Absolute NNN 1024 23rd St SW
11,600 SF Retail Building Jamestown, ND 58401 $1,700,000 ($147/SF) 5% Cap Rate
Investment Highlights
- Long term primary lease (±19 years remaining)
- Extremely low rent
- Rental increases every 5 years to hedge against inflation
- Brand new high quality construction
- Absolute NNN Ground Lease - no landlord responsibilities
- Les Schwab Tire Centers has over 500 locations across 13 states in the Western U.S.
Executive Summary
INVESTMENT HIGHLIGHTS
• Long term primary lease (±19 years remaining)
• Brand new high quality construction
• Extremely low rent
• Absolute NNN Ground Lease - no landlord responsibilities
• Rental increases every 5 years to hedge against inflation
TENANT HIGHLIGHTS
• Substantial annual sales above $2 Billion
• Les Schwab Tire Centers has over 500 locations across 13 states in the Western U.S.
• Founded in 1952, over 72 years in the business with over 7,000 employees
• Les Schwab has invested significantly in the site by building their own building and maintaining it
LOCATION HIGHLIGHTS
• Adjacent to Buffalo Mall, a 182,384 SF shopping mall including Five Below, T.J. Maxx, Dunham’s Sports, and more
• Retail hub with national tenants such as Walmart Supercenter, Menard’s Home Improvement, McDonald's, Dollar Tree, and more
• Located at the intersection of two major Jamestown arterials, I-94 and Highway 281
• Long term primary lease (±19 years remaining)
• Brand new high quality construction
• Extremely low rent
• Absolute NNN Ground Lease - no landlord responsibilities
• Rental increases every 5 years to hedge against inflation
TENANT HIGHLIGHTS
• Substantial annual sales above $2 Billion
• Les Schwab Tire Centers has over 500 locations across 13 states in the Western U.S.
• Founded in 1952, over 72 years in the business with over 7,000 employees
• Les Schwab has invested significantly in the site by building their own building and maintaining it
LOCATION HIGHLIGHTS
• Adjacent to Buffalo Mall, a 182,384 SF shopping mall including Five Below, T.J. Maxx, Dunham’s Sports, and more
• Retail hub with national tenants such as Walmart Supercenter, Menard’s Home Improvement, McDonald's, Dollar Tree, and more
• Located at the intersection of two major Jamestown arterials, I-94 and Highway 281
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,600 SF
Building Class
B
Year Built
2024
Price
$1,700,000
Price Per SF
$147
Cap Rate
5%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Zoning
C2 - General Commercial District
Frontage
228 FT on 23rd Street Southwest
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Les Schwab
- -
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Les Schwab | - | - | - | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 74-6632000 | Improvements Assessment | $0 |
| Land Assessment | $100,008 | Total Assessment | $100,008 |
PROPERTY TAXES
Parcel Number
74-6632000
Land Assessment
$100,008
Improvements Assessment
$0
Total Assessment
$100,008
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Long Term Les Schwab Tire | Absolute NNN | 1024 23rd St SW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.