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Les Schwab Tire Center 609 E Broadway Ave 14,752 SF Retail Building Milton-Freewater, OR 97862 $4,900,000 ($332.16/SF) 5.42% Cap Rate
INVESTMENT HIGHLIGHTS
- NEWLY RENOVATED The showroom was renovated in September 2024, focusing on high-quality construction, durability, and long-term operational efficiency.
- A well-known tire and automotive service provider with a strong reputation for providing outstanding customer service.
- Situated on Broadway Avenue, the city's main thoroughfare, ensuring significant daily traffic exposure.
- Sale lease back comes with a corporate guaranteed, 20-year Absolute NNN Lease (zero landlord responsibilities) with 10% rent escalations every 5 yrs.
- Just minutes from Walla Walla, WA, and less than an hour from the Tri-Cities (Kennewick, Pasco and Richland) —offers access to two states
- Easy access to Highway 11, a direct corridor for freight, agriculture and consumer traffic.
EXECUTIVE SUMMARY
Kidder Mathews is excited to present an opportunity to acquire the fee-simple interest in a Les Schwab Tire Center located in Milton-Freewater, OR. This sale
lease back comes with a corporate guaranteed, 20-year Absolute NNN lease with 10% rent escalations every 5 years. This opportunity offers investors stable cash
flow, fixed return on a long-term lease, strong creditworthy tenant with proven track record and no landlord responsibilities.
lease back comes with a corporate guaranteed, 20-year Absolute NNN lease with 10% rent escalations every 5 years. This opportunity offers investors stable cash
flow, fixed return on a long-term lease, strong creditworthy tenant with proven track record and no landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,752 SF
Building Class
C
Year Built
1981
Price
$4,900,000
Price Per SF
$332.16
Cap Rate
5.42%
NOI
$265,536
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.21 AC
Opportunity Zone
Yes
Zoning
I-M
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 110014 | Improvements Assessment | $726,250 |
| Land Assessment | $74,080 | Total Assessment | $800,330 |
PROPERTY TAXES
Parcel Number
110014
Land Assessment
$74,080
Improvements Assessment
$726,250
Total Assessment
$800,330
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Les Schwab Tire Center | 609 E Broadway Ave
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