Description

Cushman & Wakefield is pleased to present the opportunity to acquire an absolute NNN-leased investment occupied by Les Schwab Tire Center, one of the largest independent tire and automotive service retailers in the United States. The property is secured by a corporate-guaranteed ground lease featuring zero landlord responsibilities, scheduled 10% rent escalations every five years, and approximately 18 years of remaining primary lease term, providing investors with long-term, predictable cash flow and built-in inflation protection. Founded in 1952, Les Schwab Tire Centers has grown into a nationally recognized automotive service platform operating more than 540 locations across approximately 15 states throughout the Western and Upper Midwest regions. The company generates multi-billion-dollar annual revenue and employs over 7,000 team members, supported by a service-oriented, essential-use business model focused on tires, brake services, alignments, and preventative vehicle maintenance. Les Schwab’s ongoing investment in purpose-built, company-operated facilities further demonstrates its long-term commitment to individual locations and reinforces the strength of the corporate guaranty. The subject property is strategically located along U.S. Highway 71 in Willmar, one of the city’s primary commercial corridors, and benefits from excellent visibility and convenient access to major regional transportation routes including U.S. Highway 12 and Minnesota State Highway 23. The site is positioned within Willmar’s dominant retail trade area and is surrounded by a strong concentration of national and regional retailers, including Walmart Supercenter, Target, Menards, Hy-Vee, Hobby Lobby, Tractor Supply Co., AutoZone, Runnings, Dollar Tree, and Cub Foods. This offering represents a compelling opportunity to acquire a newly constructed, absolute NNN ground lease backed by a proven essential-use tenant, featuring long-term lease security, strong contractual rent growth, and durable real estate fundamentals within a stable regional hub in west-central Minnesota.