Les Schwab Tire Center 3320 1st S st 11,763 SF Retail Building Willmar, MN 56201 $2,540,000 ($215.93/SF) 5% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire an absolute NNN-leased investment tenanted by Les Schwab Tire Center, one of the largest independent tire and automotive service retailers in the United States. The property is secured by a corporate-guaranteed ground lease featuring zero landlord responsibilities, 10% rent escalations every five years, and approximately 18 years of remaining primary lease term, providing investors with long-term, predictable cash flow and built-in inflation protection.
Founded in 1952, Les Schwab Tire Centers has grown into a nationally recognized automotive services platform, operating 540+ locations across approximately 15 states throughout the Western and Upper Midwest regions. The company generates multi-billion-dollar annual revenue and employs more than 7,000 team members, supported by a service-driven, essential-use business model focused on tires, brakes, alignments, and preventative maintenance. Les Schwab’s continued investment in purpose-built, company-owned facilities underscores its long-term commitment to each operating location and reinforces the strength of the corporate guaranty.
The property is located along 1st Street South (U.S. Highway 71), one of Willmar’s primary commercial corridors, benefiting from strong visibility and convenient access to the region’s major transportation routes, including U.S. Highway 12 and Minnesota Highway 23. The site is surrounded by a dense concentration of national and regional retailers, including Walmart Supercenter, Target, Menards, Hy-Vee, Hobby Lobby, Tractor Supply Co., AutoZone, Runnings, Dollar Tree, and Cub Foods, positioning the asset within Willmar’s dominant retail trade area.
This offering represents a compelling opportunity to acquire a new-construction, absolute NNN ground lease backed by a proven, essential-use tenant, featuring long-term lease security, strong rent growth, and durable real estate fundamentals in a stable regional hub of west-central Minnesota.