Les Schwab Tire Center 103 34th Ave W 10,482 SF Retail Building Havre, MT 59501 $1,896,518 CAD ($180.93 CAD/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease structure with no landlord responsibilities, providing stable, hassle-free income
- 20-year initial lease term with multiple 5-year extension options ensures long-term tenant commitment
- Lease is corporate guaranteed by LS Group Parent OpCo, LLC, strengthening investment security
- Tenant invested significant capital into the construction on the property, providing substantial intrinsic value
- 10% rental escalations every five years enhance investor returns over time
EXECUTIVE SUMMARY
Positioned on U.S. Highway 2, one of Havre’s main commercial corridors, ensuring sustained traffic and customer visibility. Tenant covers all property-related expenses, including taxes, insurance, and maintenance. Les Schwab is a dominant player in the Western U.S. tire and auto service industry with a strong operational track record. Nearby retail centers and high-traffic volumes (9,717 AADT on U.S. Hwy 2) support strong business viability. Havre serves as a regional economic hub with a stable consumer base driven by agriculture, education, and healthcare industries. Households within 5 miles have an average income of $77,199, with strong projected growth over the next five years.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,482 SF
Building Class
B
Year Built
2025
Price
$1,896,518 CAD
Price Per SF
$180.93 CAD
Cap Rate
4.85%
NOI
$91,972 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.26 AC
Parking
27 Spaces (2.58 Spaces per 1,000 SF Leased)
