1426 N Humiston Ave - Retail FOR SALE


Worthington, MN 56187
$1,968,000 USD
415-413-3005
1426 N Humiston Ave, Worthington, MN for Sale
$1,968,000 USD
Retail - FOR SALE
1/7
null | 5% Cap Rate

1426 N Humiston Ave
Worthington, MN 56187


HIGHLIGHTS

  • Brand-new 20-year absolute NNN ground lease with no landlord responsibilities, providing a true passive investment
  • Les Schwab, Backed by Meritage Group, is a Tire Retailer and Service Center Operator in the Western U.S. With Over 500 Locations
  • Six (6) five-year renewal options with rental escalations, providing long-term income growth
  • Tenant has invested several million into the construction and improvements providing security for the Landlord and intrinsic value of the real estate
  • High-Quality 2025 Construction on a Large 2.04-Acre Parcel
  • Surrounded by National Retailers Including Walmart Supercenter, Hy-Vee, Walgreens, McDonald’s, and O’Reilly Auto Parts, Driving Consistent Traffic

OVERVIEW

Located on Humiston Avenue with strong traffic flow and easy access to Oxford Street and I-90, ensuring consistent exposure. Tenant is responsible for all operating expenses, including real estate taxes, insurance, and maintenance. Nearby tenants such as Hy-Vee, Walgreens, and McDonald’s enhance foot traffic and consumer draw. Average household income of $84,140 within three miles supports a strong customer base. Built in 2025, the 10,880 SF facility is designed to Les Schwab’s latest specifications, ensuring modern operations. Located near major employment centers such as Sanford Worthington Medical Center and Worthington Public Schools, driving consistent demand.

FOR SALE DETAILS

PRICE

$1,968,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Les Schwab Tire Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

-

APN/PARCEL ID

31-0628-000

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.