Les Schwab - Rosemount

15026 Cimarron Ave, Rosemount, MN, 55068, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Les Schwab located at 15026 Cimarron Ave in Rosemount, MN. This recently renovated property features a new 20-year corporate-guaranteed lease with Les Schwab, providing exceptional long-term income stability for the investor.

Les Schwab is the 4th largest independent tire dealer in the country and has a nationwide presence with 500+ locations, providing a strong credit base to the investment. The 6,344 SF building sits on 1.42 acres in the heart of Rosemount's primary retail corridor, benefiting from strong consumer traffic generated by neighboring grocery anchors including Cub Foods and Aldi. The site also benefits from its strategic location on County Road 42, providing outstanding visibility and clear exposure, while being ideally situated just a quarter-mile from MN-3, the key north-south traffic artery that serves the Rosemount area.

The property is positioned within a rapidly expanding market, with Rosemount ranking in the top 10 nationally for population growth and boasting a strong consumer base featuring average household incomes of $152,517 within three miles, 31% higher than the national average. This strategic location combines exceptional demographics with proximity to Fortune 500 headquarters including 3M, Target, Best Buy, and Cargill, creating a strong employment base that drives consistent consumer demand and supports long-term retail stability within the Twin Cities Metro market.

Please refer to the OM for more information on this investment opportunity.

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Attributes

Asking price

CA$6,108,000

Cap rate

5.35%

Building area net

589 sm

Occupancy

100%

Land area gross

0.57 ha

Remaining lease term

20 years

Media

Investment highlights

SECURE LONG-TERM INVESTMENT WITH FULLY MODERNIZED ASSET

Completely renovated building with a 20-year lease term carrying a corporate guaranty, providing long-term investment stability
Absolute NNN lease leaving Tenant responsible for all building obligations
NNN lease provides depreciation benefits

STRONG RETAIL CORRIDOR WITH BUSINESS EXPANSION

Positioned within Rosemount's primary retail corridor alongside grocery anchors, Cub Foods and Aldi
In addition to new restaurants and other retailers, Rosemount welcomed Life Time's 28th Minnesota location at the end of 2024
Benefits from established retail trade area drawing consistent consumer traffic

PRIME VISIBILITY AND STRATEGIC LOCATION

Exceptional visibility with unobstructed views from 150th Street (CR-42), experiencing high traffic volume of 20,800 vehicles per day
Strategic position near the signalized intersection of 150th Street and Chippendale Avenue
Located just a quarter-mile from MN-3, the primary north-south thoroughfare serving Rosemount

STRONG CONSUMER BASE IN RAPIDLY GROWING AREA

Average household income of $152,517 within 3 miles, projected to reach $167,253 by 2030
Population growth rate within three miles is 3x the national average
The city of Rosemount is experiencing heavy growth, posting an increase in population of 20% over the last 5 years, and ranking nationally in the top 10 for population growth