Les Schwab - 609 E Broadway Ave Milton-Freewater, OR
Retail | 5.60% CAP | 14,752 SqFt
Marketing description
PRICE IMPROVEMENT - CornerPoint Commercial Real Estate is excited to present an opportunity to acquire the fee-simple interest in a Les Schwab Tire Center located in Milton-Freewater, OR. This sale lease back comes with a corporate guaranteed, 20-year Absolute NNN lease with 10% rent escalations every 5 years. This opportunity offers investors stable cash flow, fixed return on a long-term lease, strong creditworthy tenant with proven track record and no landlord responsibilities.
Investment highlights
NEWLY RENOVATED
The showroom was renovated in September 2024, focusing on high-quality construction, durability, and long-term operational efficiency.
ABSOLUTE NNN LEASE
This sale lease back comes with a corporate guaranteed, 20-year Absolute NNN Lease (zero landlord responsibilities) with 10% rent escalations every 5 years.
REPUTABLE BRAND
A well-known tire and automotive service provider with a strong reputation for providing outstanding customer service is one of the key factors that has helped build and maintain its customer loyalty over the years.
COMPANY GROWTH
With over 500 locations in the Western U.S. and 7,000 employees, Les Schwab has maintained its position as a significant player in the automotive service industry for over 70 years. Les Schwab is committed to expanding their footprint and ensuring they continue to offer high quality products and services.
OUTSTANDING LOCATION
Just minutes from Walla Walla, WA, and less than an hour from the Tri-Cities (Kennewick, Pasco and Richland) —offers access to two states and multiple economic regions.
HIGH VISIBILITY
Situated on Broadway Avenue, the city's main thoroughfare, ensuring significant daily traffic exposure.
ACCESSIBILITY
Easy access to Highway 11, a direct corridor for freight, agriculture and consumer traffic.
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