220 Roger Ln Miles City, MT 59301
- Auto shops
- 10,920 SF
- 1.19 lot acres
Current Use by Public Records
- Les Schwab Tire Center / Truck Repair Shop / Wheel Alignment Service
Property Details for 220 Roger Ln
- Year built
- 2023
- Construction
- WOOD
- Lot size
- 1.19 lot acres
- Property size
- 10,920 SF
- Zone code
- 6
- Property type
- Auto shops
- APN
- 14-1740-35-2-01-03-0000
- APU
- 14174035201030000
Description
This exceptional investment opportunity presents a 10,342 square foot, newly constructed (2024) Les Schwab Tire Center in Miles City, Montana. Situated on a 2.39-acre lot with high visibility on Roger Lane, this property benefits from its proximity to major highways (Interstate 94 and US Highway 59) and high-traffic retailers like Walmart and Albertsons. The property is leased under a 20-year absolute NNN ground lease (commencing January 18, 2024, and expiring January 31, 2044) with rent bumps included, providing investors with predictable, long-term income and minimal landlord responsibilities. The lease includes a corporate guarantee from LS Group Parent OpCo, LLC, further enhancing security. The property boasts a strong NOI of $73,283 and a 4.75% cap rate. The location enjoys an annual average daily traffic count of 10,173 vehicles. The affluent surrounding area, with an average household income of $84,570 within a one-mile radius, supports consistent demand for automotive services. This well-designed building features ample parking and easy access, making it an ideal location for Les Schwab's continued success. The property's strategic location, coupled with the established tenant and long-term lease, presents a compelling investment opportunity with significant potential for appreciation. The sale is structured for a 1031 exchange.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miles City
- County
- Custer
- State
- Montana
- Longitude
- -105.821
- Latitude
- 46.4057
