Les Schwab Tire Center | Fontana, CA
Les Schwab Tire Center | 20-Year SLB | Fontana, CA
Investment highlights
Expanding National Brand with Runway
• Les Schwab is the 4th largest independent tire retailer in the U.S. with over 540 locations in 15 states
• Founded in 1952, Les Schwab has a 70+ year operational history and today employs over 7,000 staff members
20-Year Corporate Sale-Leaseback with Les Schwab | Absolute NNN Lease
• Les Schwab currently owns the site and will leaseback the property on a 20-year absolute NNN lease + 6 (5-Year) Options
• The lease will be corporately guaranteed by Les Schwab
Fixed Rental Increases
• The lease will feature 10% rental increases every 5 years providing income growth and a hedge against inflation
Signalized Intersection and Direct Access to the 210 Freeway (158,214 VPD)
• The property is 1,000 ft to the 210 freeway on/off ramp
• Located at the signalized intersection of Sierra Ave. & Sierra Lakes Pkwy
Expanding Market with Dense & Affluent Southern California Demographics
• Within 3 miles, the population has grown by 5% between 2020-2025
• 125,355 people with an average household income of $134,419 live within a 3 mile radius
Growing Retail Corridor with Major New Housing Development
• Fontana is the 2nd largest city in San Bernardino County
• Regional/national tenants located at the Sierra Ave exit include: Costco, Home Depot, La Fitness, Lowe’s,
OfficeMax, Petco, Ralphs, Sprout’s, and Walgreens
• Nearby new construction along Highland Ave includes Amazon Fresh, Starbucks, and Habit Burger
• Major new housing developments: 1) Ventana at Canyon Duncan (842 units),
2) Westgate Specific Center (3,751 units), 3) The Renaissance (1,700 units)
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