1024 23rd St SW - Auto Repair FOR SALE


Jamestown, ND 58401
$1,700,000 USD
602-538-7155
1024 23rd St SW, Jamestown, ND for Sale
$1,700,000 USD
Auto Repair - FOR SALE
1/5
null | 5% Cap Rate

1024 23rd St SW
Jamestown, ND 58401


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
  • Les Schwab Tire Centers has over 500 locations across 13 states in the Western U.S.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Term Les Schwab Tire | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2

APN/PARCEL ID

74-6632000

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.