LES SCHWAB | 220 Roger Ln
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LES SCHWAB 220 Roger Ln
10,342 SF Retail Building Miles City, MT 59301 £1,215,421 (£118/SF) 4.75% Net Initial Yield
Investment Highlights
- The property is secured by a 20-year absolute NNN ground lease, offering investors stable and predictable income with no landlord responsibilities
- Les Schwab is a renowned name in the tire and automotive service industry, known for its strong market presence and customer loyalty
- Leased to SFP-E, LLC, with a corporate guarantee from LS Group Parent OpCo, LLC, providing enhanced financial security and reliability
- With over 500 locations across the Western United States and sales above $2B annually
Executive Summary
The property is adjacent to high-traffic tenants such as Walmart Supercenter and Albertsons, generating significant crossover shopping opportunities. Ideally situated near Interstate 94 and U.S. Highway 59, the site captures significant long-haul and commuter traffic. The property is well-positioned to benefit from the economic growth in Miles City, with increasing household incomes and a stable population base. The property features a well-designed layout with a 10,342 SF building, ample parking, and easy ingress and egress for customer convenience. The modern construction and strategic location make this an ideal site for long term occupancy by Les Schwab, reducing turnover risk for investors. Built to Les Schwab’s latest specifications, the facility meets high standards for durability and operational efficiency. An average household income of $84,570 within a one-mile radius supports strong demand for automotive services in the area. The property is located near essential services, including Holy Rosary Healthcare, Custer County High School, and Miles Community College, providing a stable local customer base.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
10,342 SF
Building Class
B
Year Built
2024
Price
£1,215,421
Price Per SF
£118
Net Initial Yield
4.75%
NOI
£57,725
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
2.39 AC
Parking
42 Spaces (4.06 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 14-1740-35-2-01-03-0000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,294,506 |
PROPERTY TAXES
Parcel Number
14-1740-35-2-01-03-0000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,294,506
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LES SCHWAB | 220 Roger Ln
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