1426 N Humiston Ave | Worthington, MN 56187
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- LoopNet Team
1426 N Humiston Ave
Worthington, MN 56187
Les Schwab Tire Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand-new 20-year absolute NNN ground lease with no landlord responsibilities, providing a true passive investment
- Six (6) five-year renewal options with rental escalations, providing long-term income growth
- High-Quality 2025 Construction on a Large 2.04-Acre Parcel
- Les Schwab, Backed by Meritage Group, is a Tire Retailer and Service Center Operator in the Western U.S. With Over 500 Locations
- Tenant has invested several million into the construction and improvements providing security for the Landlord and intrinsic value of the real estate
- Surrounded by National Retailers Including Walmart Supercenter, Hy-Vee, Walgreens, McDonald’s, and O’Reilly Auto Parts, Driving Consistent Traffic
PROPERTY FACTS
Property Type
Building Size
10,880 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.04 AC
Parking
34 Spaces (3.12 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $496,200 | |
| Land Assessment | $1,132,200 | Total Assessment | $1,628,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,132,200
Improvements Assessment
$496,200
Total Assessment
$1,628,400
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