609 E Broadway Ave - Freestanding FOR SALE


Milton Freewater, OR 97862
$5,619,810 USD
208-870-6933
609 E Broadway Ave, Milton Freewater, OR for Sale
$5,619,810 USD
Freestanding - FOR SALE
1/6
null | 5.25% Cap Rate

609 E Broadway Ave
Milton Freewater, OR 97862


HIGHLIGHTS

  • NEWLY RENOVATED The showroom was renovated in September 2024, focusing on high-quality construction, durability, and long-term operational efficiency.
  • Sale lease back comes with a corporate guaranteed, 20-year Absolute NNN Lease (zero landlord responsibilities) with 10% rent escalations every 5 yrs.
  • A well-known tire and automotive service provider with a strong reputation for providing outstanding customer service.
  • Just minutes from Walla Walla, WA, and less than an hour from the Tri-Cities (Kennewick, Pasco and Richland) —offers access to two states
  • Situated on Broadway Avenue, the city's main thoroughfare, ensuring significant daily traffic exposure.
  • Easy access to Highway 11, a direct corridor for freight, agriculture and consumer traffic.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,619,810 USD

PRICE/SF

$381 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Les Schwab Tire Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

I-M

APN/PARCEL ID

110014

ASK ABOUT THIS PROPERTY

Sherry SchoenKidder MathewsMore Info
208-870-6933

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Sherry SchoenKidder MathewsMore Info
208-870-6933

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