523 SE Montreal St | Hutchinson, MN 55350
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523 SE Montreal St
Hutchinson, MN 55350
Les Schwab Ground Lease · Retail Property For Sale
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
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,638 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.98 AC
Parking
31 Spaces (2.91 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 23.522.0010 | Improvements Assessment | $0 |
| Land Assessment | $517,500 | Total Assessment | $517,500 |
PROPERTY TAXES
Parcel Number
23.522.0010
Land Assessment
$517,500
Improvements Assessment
$0
Total Assessment
$517,500
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