Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Les Schwab located at 3430 Tower Rd in Aurora, Colorado. The building will be leased-back on a 20-year absolute NNN lease secured by Les Schwab corporate upon sale.
Les Schwab is the 4th largest independent tire dealer in the country and has a nationwide presence with 500+ locations, providing a strong credit base to the investment. The 15,850 SF building sits on 2.47 acres and benefits form a clear, unobstructed view from Tower Rd, which carries 34,000 VPD in the area. The site also benefits from its proximity to I-70, which carries 66,000 VPD in the area.
The property is strategically situated directly adjacent to Walmart, which drives 2.9+ million visits annually and is a top 10% Walmart store in the state. Several other retail properties such as Home Depot, Best Buy, Dollar Tree (#1/114 stores in the state), Wells Fargo ($150+ million in deposits, #2/101 stores in the states), and Chick-fil-A drive traffic and illustrate the strength of retail in the area. There have also been several new retail and residential developments within the trade area. The site is directly adjacent to a newly developed QuikTrip, and 24 apartments totaling 5,900+ units have been developed in the area since 2020.
Please see OM for more information.