Auto Parts
Les Schwab Tires (400+ Units) – 20 Yr Ground Lease
2306 S Mentzer St, Mitchell, SD 57301
Listing Price: $1,840,000
Investment Overview
Les Schwab Tire Centers is a well-known, family-owned business primarily focused on selling tires, wheels, and automotive services. Founded in 1952 by Les Schwab in Prineville, Oregon, the company has grown into one of the largest independent tire dealers in the United States. It operates hundreds of retail locations primarily in the western United States, including Oregon, Washington, California, Idaho, Nevada, and other states in the Pacific Northwest and Rocky Mountain regions.
Mitchell, South Dakota, is a small city located in the southeastern part of the state, roughly 60 miles west of Sioux Falls, the largest city in South Dakota. As of the 2020 census, Mitchell has a population of around 15,000 people. It's the county seat of Davison County and serves as a regional hub for commerce, education, and services in the area. Mitchell is home to several public schools, as well as Mitchell Technical College, which offers a range of vocational and technical training programs.
Les Schwab Tires (400+ Units) – 20 Yr Ground Lease
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Corporate Ground Lease
- Exceptional Residual Value - Value of Improvements well Exceeds Purchase Price
- New High-Quality 2024 Construction
- Pinned beween a Super Walmart & Menard's
- 10 Percent Rental Increases Every Five Years with Six, Five Year Renewals
- Surrounded by National Tenants such as: Cabela's, Tractor Supply Co, Sherwin-Williams Paint Store, Dollar Tree and more
Listing Price: $1,840,000
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Corporate Ground Lease
- Exceptional Residual Value - Value of Improvements well Exceeds Purchase Price
- New High-Quality 2024 Construction
- Pinned beween a Super Walmart & Menard's
- 10 Percent Rental Increases Every Five Years with Six, Five Year Renewals
- Surrounded by National Tenants such as: Cabela's, Tractor Supply Co, Sherwin-Williams Paint Store, Dollar Tree and more
Investment Overview
Les Schwab Tire Centers is a well-known, family-owned business primarily focused on selling tires, wheels, and automotive services. Founded in 1952 by Les Schwab in Prineville, Oregon, the company has grown into one of the largest independent tire dealers in the United States. It operates hundreds of retail locations primarily in the western United States, including Oregon, Washington, California, Idaho, Nevada, and other states in the Pacific Northwest and Rocky Mountain regions. Mitchell, South Dakota, is a small city located in the southeastern part of the state, roughly 60 miles west of Sioux Falls, the largest city in South Dakota. As of the 2020 census, Mitchell has a population of around 15,000 people. It's the county seat of Davison County and serves as a regional hub for commerce, education, and services in the area. Mitchell is home to several public schools, as well as Mitchell Technical College, which offers a range of vocational and technical training programs.
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