| Purchase Price | $3,580,000 |
|---|---|
| Annual Rental Income | $232,700 |
| Cap Rate | 6.50% |
| Lease Term | 12 Years |
| City | Farmington |
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Les Schwab Tire Center – Farmington, NM
This property is occupied by Les Schwab Tire Center, a well-respected automotive service provider with over 500 locations across the western United States. In 2024, Les Schwab expanded into New Mexico by acquiring a well-established local tire operation in Farmington, bringing their renowned service model to a new and growing market.
Les Schwab is known for its high level of customer service, strong operational standards, and commitment to community involvement. Services offered include tire sales and repair, brake inspections, wheel alignments, battery replacement, shocks and struts, and other light mechanical work. Complimentary services such as flat repairs, air checks, and tire rotations help drive consistent customer traffic and repeat business.
The Farmington location benefits from strong regional visibility, a growing population base, and strategic positioning along key commercial corridors. As with all Les Schwab locations, the store is staffed by trained technicians and reflects the company’s reputation for cleanliness, efficiency, and professionalism.
Les Schwab has a long history of supporting local schools, youth programs, and charitable efforts, adding value beyond just retail service. With a loyal customer base and a reputation built on trust, Les Schwab Tire Center represents a stable and dependable tenant in any commercial portfolio.