Les Schwab - Aurora, CO_Property for Sale

3430 Tower Road, Aurora, CO, 80011, US

Les Schwab - Aurora, CO

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Les Schwab located at 3430 Tower Rd in Aurora, Colorado. The building will be leased-back on a 20-year absolute NNN lease secured by Les Schwab corporate upon sale.

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 15,850 SF building sits on 2.47 acres and benefits form a clear, unobstructed view from Tower Rd, which carries 34,000 VPD in the area. The site also benefits from its proximity to I-70, which carries 66,000 VPD in the area.

The property is strategically situated directly adjacent to Walmart, which drives 2.9+ million visits annually and is a top 10% Walmart store in the state. Several other retail properties such as Home Depot, Best Buy, Dollar Tree (#1/114 stores in the state), Wells Fargo ($150+ million in deposits, #2/101 stores in the state), and Chick-fil-A drive traffic and illustrate the strength of retail in the area. There have also been several new retail and residential developments within the trade area. The site is directly adjacent to a newly developed QuikTrip, and 24 apartments totaling 5,900+ units have been developed in the area since 2020.

Please see OM for more information.

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Attributes

Asking price

NZ$11,161,000

Cap rate

5.25%

Building area net

1,473 m²

Occupancy

100%

Land area gross

1 ha

Remaining lease term

20 years

Media

Investment Highlights

20-YEAR CORPORATE SALE-LEASEBACK WITH ABSOLUTE NNN LEASE

• Les Schwab currently owns the site and is looking to leaseback the property on a 20-year absolute NNN lease

• Les Schwab corporate will guarantee the lease, providing a strong credit base to the investment

NATIONAL BRAND WITH ROOM TO GROW

• Les Schwab is the 4th largest independent tire dealer in the country and has over 500+ locations nationwide

• The company added over 40 locations in 2024 and is accelerating growth with a strong new store pipeline

WALMART SHADOW ANCHOR IN STRONG COMMERCIAL CORRIDOR

• The property is directly adjacent to a Walmart Supercenter, which drives 2.9 million visits annually and is in the top 10% of Walmart stores in the state

• Several other nearby retail properties, including Home Depot, Chick-fil-A, Dollar Tree (#1/114 in CO), Murphy USA (#1/38 in CO), and Wells Fargo (#2/101 in CO), together drive millions of visits to the area annually

GREAT VISIBILITY AND INTERSTATE ACCESS

• The property benefits from a clear, unobstructed view from Tower Rd, which carries 34,000 vehicles per day in the area

• The site is also strategically situated directly off an exit of I-70, which carries 66,000 vehicles per day in the area and is the primary east-west roadway serving the Denver MSA