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Les Schwab SE Montreal St

10,638 SF Retail Building Hutchinson, MN 55350 $2,738,000 ($257/SF) 4.75% Cap Rate

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Investment Highlights

Brand New 20-Year absolute NNN ground lease, providing a stable long term investment
Tenant has six (6) five (5) year option periods to extend their lease
With over 500 locations across the Western United States and sales above $2B annually, Les Schwab Tire Centers have become a go-to destination

10% rental increases in primary term and option periods, securing this investment as a hedge against inflation
Les Schwab has seen steady growth over the years, increasing their locations by 50 sites in the past 10 years
This Les Schwab is an outparcel to Menards, increasing site visibility and cross traffic to the storefront

Executive Summary

Prime corner location at the intersection of Airport Road and State Route 15, offering high visibility and easy access. Exposure to heavy daily traffic, with consistent flow from both local residents and regional commuters. Close proximity to major retailers like Walmart and Menards, driving additional customer traffic to the area. Near Hutchinson Municipal Airport, providing convenient access for travelers and employees in the region. Serves a growing residential area, making it a convenient stop for locals in need of tire and automotive services.