Big-O-Tires (TBC Corp) | Subleased | Redev Opp.
NNN Income Property with Upside Potential
Marketing description
Net Lease Realty Partners & Upland Real Estate Group are pleased to present for sale this single tenant, Big O Tires store located in Chaska, MN. The property is currently dark and paying full rent without any sort of abatement, and under an Absolute NNN Lease with ZERO Landlord responsibilities, Guaranteed the TBC Corporation. The lease features 10% rental increases every 5 years. This is a fantastic redevelopment or value-add opportunity for a seasoned investor! Call today for more details.
Investment highlights
•Redevelopment opportunity with Lease buy out potential (Contact broker for more info).
•Subleased to Full Throttle Automotive
•Low Asking Price of $1,765,000 @ 7.43% Cap Rate.
• The Corporate Big O Tires has closed this location with 5+ years remaining on the lease term. Lease is guaranteed by TBC Corporation with over 2,000 locations.
• The Hazeltine National Golf Club is located about 4 miles away from the property which is considered the Best Private Golf Club in Minnesota and has hosted multiple major golf championships. Hazeltine is the future site of the 2024 U.S. Amateur Championship, 2026 KPMG Women’s PGA Championship, and the 2029 Ryder Cup. Hazeltine is the only club in the country selected to host the Ryder Cup for a second time.
• 4,800 square feet on 0.67 acres.
• Nearby retailers include Speedway, Valvoline, Caliber Collision, McDonald’s, Holiday, Caribou Coffee, O’Reilly, Napa, etc.
• Area retailers include Target, Home Depot, Kohl’s, Aldi, Starbucks, Walgreens, Arby’s, Chipotle, & more.
• Excellent 5-mile average household income of $136,579 and 5-mile population of 95,083.
• Chaska is located in a county seat and ranked one of the Best Places to Live in Minnesota in 2024 according to Niche.
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