Log In/Sign Up
Your email has been sent.
Les Schwab 15026 Cimarron Ave 6,344 SF Retail Building Rosemount, MN 55068 $5,726,365 CAD ($902.64 CAD/SF) 5.65% Cap Rate
Investment Highlights
- New 20-year absolute NNN lease to Les Schwab, a regional U.S.-based tire retailer and automotive service center operator with over 500 locations.
- Corporately guaranteed by LS Group Parent OpCo, LLC, strengthening investment security.
- In December 2024, Les Schwab acquired Four States Tire & Service, reinforcing its regional expansion strategy.
- 10% rental increases every five (5) years throughout initial term and six (6) option periods, ideal for ensuring consistent income growth.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Les Schwab’s growth in 2025 is supported by a larger, growing U.S. automotive service market and aging vehicle fleet.
Executive Summary
The property is located at a high-visibility site near the signalized intersection of 150th Street West and Chippendale Avenue West, offering excellent accessibility with over 24,000 vehicles passing daily. The lease is corporately guaranteed by LS Group Parent OpCo, LLC, providing strong investment security. The surrounding five-mile radius serves a population of 139,660 residents, with an average household income of $152,517 within three miles. The area is supported by a strong mix of national and local retailers, including Cub, Walgreens, Marcus Rosemount Cinema, ALDI, Culver’s, Burger King, Starbucks, and many others. The absolute NNN lease structure places all maintenance and expense responsibilities on the tenant, including roof, structure, and parking lot, creating a truly passive ownership opportunity. Projected population and income growth across the 1-, 3-, and 5-mile trade areas further support long-term stability and continued demand for this Les Schwab location.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,344 SF
Building Class
B
Year Built/Renovated
2000/2025
Price
$5,726,365 CAD
Price Per SF
$902.64 CAD
Cap Rate
5.65%
NOI
$323,485 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.42 AC
Parking
46 Spaces (7.25 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-47501-01-010 | Improvements Assessment | $710,840 CAD |
| Land Assessment | $1,180,650 CAD | Total Assessment | $1,891,490 CAD |
Property Taxes
Parcel Number
34-47501-01-010
Land Assessment
$1,180,650 CAD
Improvements Assessment
$710,840 CAD
Total Assessment
$1,891,490 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Les Schwab | 15026 Cimarron Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.