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Les Schwab Tire Center

1624 Market Pl Dr, Great Falls, MT 59404

Listing Price: $3,160,000

Cap Rate
5.00%
Tenant Name
Les Schwab
Years Remaining On Lease
20.3
Gross SF
10,482
Guarantor
Corporate Guarantee
Rentable SF
10,482
Price/Gross SF
$301.47
Lease Type
NNN Ground Lease
Rent Per Square Feet
$15.07

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a Les Schwab Tire Center located in Great Falls, Montana.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net Ground Lease with Six, Five Year Options and 10 Percent Rent Increases Every Five Years
  • Corporately Guaranteed Lease - Les Schwab Tire Centers - 516 Units
  • Adjacent to Great Falls Marketplace Shopping Center - 2.8 Million Visitors, Great Falls' Most Visited Shopping Center
  • Affluent Demographics - $124,849 Average Household Income in a One-Mile Radius
  • Located Three Miles from Great Falls International Airport - Approximately 175,000 Passengers Per Year

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s) MT: RRE-BRO-LIC-15748

    Montana

Auto Service - Gas-Conv

Les Schwab Tire Center

Listing Price: $3,160,000

Cap Rate
5.00%
Tenant Name
Les Schwab
Years Remaining On Lease
20.3
Gross SF
10,482
Guarantor
Corporate Guarantee
Rentable SF
10,482
Price/Gross SF
$301.47
Lease Type
NNN Ground Lease
Rent Per Square Feet
$15.07

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net Ground Lease with Six, Five Year Options and 10 Percent Rent Increases Every Five Years
  • Corporately Guaranteed Lease - Les Schwab Tire Centers - 516 Units
  • Adjacent to Great Falls Marketplace Shopping Center - 2.8 Million Visitors, Great Falls' Most Visited Shopping Center
  • Affluent Demographics - $124,849 Average Household Income in a One-Mile Radius
  • Located Three Miles from Great Falls International Airport - Approximately 175,000 Passengers Per Year

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a Les Schwab Tire Center located in Great Falls, Montana.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s): MT: RRE-BRO-LIC-15748

    Montana

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