Language and Region
Currency

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

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

951 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Les Schwab SE Montreal St

10,638 SF Retail Building Hutchinson, MN 55350 £2,177,860 (£205/SF) 4.75% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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.