SE Montreal St - Auto Repair FOR SALE


Hutchinson, MN 55350
$2,602,000 USD
415-413-3005
SE Montreal St, Hutchinson, MN for Sale
$2,602,000 USD
Auto Repair - FOR SALE
1/4
null | 5% Cap Rate

SE Montreal St
Hutchinson, MN 55350


HIGHLIGHTS

  • Brand New 20-Year absolute NNN ground lease, providing a stable long term investment
  • 10% rental increases in primary term and option periods, securing this investment as a hedge against inflation
  • Tenant has six (6) five (5) year option periods to extend their lease
  • Les Schwab has seen steady growth over the years, increasing their locations by 50 sites in the past 10 years
  • With over 500 locations across the Western United States and sales above $2B annually, Les Schwab Tire Centers have become a go-to destination
  • This Les Schwab is an outparcel to Menards, increasing site visibility and cross traffic to the storefront

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,602,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Les Schwab Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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