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Les Schwab 15026 Cimmaron Ave W 6,344 SF Retail Building Rosemount, MN 55068 $5,964,766 CAD ($940.22 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Completely renovated building with a 20-year lease term carrying a corporate guaranty, providing long-term investment stability
- Positioned within Rosemount's established retail trade area alongside grocery anchors like Cub Foods and Aldi, drawing consistent consumer traffic
- Located just a quarter-mile from MN-3, the primary north-south thoroughfare serving Rosemount
- Absolute NNN lease leaving Tenant responsible for all building obligations and providing the owner with potential depreciation benefits
- Exceptional visibility with unobstructed views from 150th Street (CR-42), experiencing high traffic volume of 20,800 vehicles per day
- The city of Rosemount has seen heavy growth with a 20% population increase over 5 years, ranking in the top 10 nationally for population growth
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Les Schwab located at 15026 Cimarron Ave in Rosemount, MN. This recently renovated property features a new 20-year corporate-guaranteed lease with Les Schwab, providing exceptional long-term income stability for the investor.
Les Schwab is the 4th largest independent tire dealer in the country and has a nationwide presence with 500+ locations, providing a strong credit base to the investment. The 6,344 SF building sits on 1.42 acres in the heart of Rosemount's primary retail corridor, benefiting from strong consumer traffic generated by neighboring grocery anchors including Cub Foods and Aldi. The site also benefits from its strategic location on County Road 42, providing outstanding visibility and clear exposure, while being ideally situated just a quarter-mile from MN-3, the key north-south traffic artery that serves the Rosemount area.
The property is positioned within a rapidly expanding market, with Rosemount ranking in the top 10 nationally for population growth and boasting a strong consumer base featuring average household incomes of $152,517 within three miles, 31% higher than the national average. This strategic location combines exceptional demographics with proximity to Fortune 500 headquarters including 3M, Target, Best Buy, and Cargill, creating a strong employment base that drives consistent consumer demand and supports long-term retail stability within the Twin Cities Metro market.
Please refer to the OM for more information on this investment opportunity.
Les Schwab is the 4th largest independent tire dealer in the country and has a nationwide presence with 500+ locations, providing a strong credit base to the investment. The 6,344 SF building sits on 1.42 acres in the heart of Rosemount's primary retail corridor, benefiting from strong consumer traffic generated by neighboring grocery anchors including Cub Foods and Aldi. The site also benefits from its strategic location on County Road 42, providing outstanding visibility and clear exposure, while being ideally situated just a quarter-mile from MN-3, the key north-south traffic artery that serves the Rosemount area.
The property is positioned within a rapidly expanding market, with Rosemount ranking in the top 10 nationally for population growth and boasting a strong consumer base featuring average household incomes of $152,517 within three miles, 31% higher than the national average. This strategic location combines exceptional demographics with proximity to Fortune 500 headquarters including 3M, Target, Best Buy, and Cargill, creating a strong employment base that drives consistent consumer demand and supports long-term retail stability within the Twin Cities Metro market.
Please refer to the OM for more information on this investment opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,344 SF
Building Class
B
Year Built
2000
Price
$5,964,766 CAD
Price Per SF
$940.22 CAD
Cap Rate
5.50%
NOI
$328,041 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.42 AC
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34-47501-01-010 | Improvements Assessment | $727,664 CAD |
| Land Assessment | $1,208,594 CAD | Total Assessment | $1,936,258 CAD |
PROPERTY TAXES
Parcel Number
34-47501-01-010
Land Assessment
$1,208,594 CAD
Improvements Assessment
$727,664 CAD
Total Assessment
$1,936,258 CAD
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Les Schwab | 15026 Cimmaron Ave W
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