Les Schwab - Otsego, MN

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Les Schwab located on the southwest corner of 87th St and Parrish Ave in Otsego, MN, within the Twin Cities MSA. The single tenant asset is secured by a corporate guarantee on a 20-year ground lease, which leaves no responsibilities for the landlord. The ground lease commences in March of 2025, and Les Schwab will be constructing the building according to their specifications.

Les Schwab is the 4th largest independent tire dealer in the country and has a nationwide presence with their 500+ locations, providing a strong credit case to the investment. The 2.26 acre site is strategically situated on the signalized intersection of 87th St and Parrish Ave. This intersection is shared by Target and a newly-developed Aldi, which both drive heavy traffic to the area. The site also benefits from its proximity to MN-101, which is the primary thoroughfare serving Otsego and carries approximately 52,000 VPD. Within a three-mile radius, the average household income is higher than the national average, and in the last five years the population has grown at a rate higher than the national average.

Please see OM for more information.