Big O Tires | TBC Corporation (Dark)

1305 Crystal Lane, Chaska, MN 55318

$1,766,341

Cap Rate 6.75%

Views: 115 Updated: 08.21.24 Posted: 05.16.24 Status: Inactive 08.21.24

Summary

Price $1,766,341	Built/Renov 1998	Tenant Big O Tires \| TBC Corporation (Dark)
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,809	Lease Start 10-01-2010	#Units 470
Price/SF $367.30	Expiration 09-30-2030	Tenant Type Automotive
NOI $119,228	R. Term 5.9	Ownership Fee Simple
Rent/SF $24.79	Increases 10.0%/1/yrs	Pop 5Mi 95,083
Lot/AC 0.67	Options 3/5yrs/10%	AHHI 5Mi $136,579

Lease Highlights

Big O Tires has 6+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Big O Tires | TBC Corporation is strategically located on Crystal Lane, with access to 3,310 vehicles passing by daily. The property is surrounded by well-known national tenants, including Speedway, Valvoline, Caliber Collision, McDonald’s, Holiday, and more. Moreover, within 4 miles of the site lies The Hazeltine National Golf Club, renowned as the Best Private Golf Club in Minnesota and a...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
Highway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long operation history
Absolute NNN
Corporate Guarantee

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Links

Big O Tires Wikipedia Big O Tires Wikipedia Chaska, Minnesota Zip Code 55318 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Big O Tires
Guarantor:Corporate
Company:TBC Corporation
# Units:470
Stock:Private

About Tenant

Big O Tires is an automotive repair and retail service provider of automotive solutions, which offers an extensive array of services including tire services and repair, routine auto services and...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	4,788	42,816	102,230
2024 Total Population :	4,849	40,538	96,917
2024 Employed Civilian Pop :	2,874	22,014	52,653
2024 Total Businesses :	108	1,169	2,607
2024 Average Household Income :	$ 122,315	$ 127,312	$ 146,801
2024 Total Consumer Spending :	$ 188 M	$ 1675 M	$ 4484 M
2024 Median Age :	37	38	38
2024 Total Households :	1,742	15,083	35,297
2024 Pop Age 25+: Bachelor's Degree :	807	7,802	20,443
2024 Average Home Value :	$ 320,236	$ 413,011	$ 494,429

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Audubon Rd	2021	1,396	0.04 mi
CR 15	Chaska Blvd	2021	2,974	0.11 mi
Stoughton Ave	Crystal Ln	2018	1,950	0.13 mi
CR 15	Chaska Blvd	2022	5,798	0.20 mi
Stoughton Ave	Riverview Rd	2018	2,300	0.20 mi
Audubon Rd	Flying Cloud Dr	2018	6,600	0.25 mi
Chaska Blvd	Engler Blvd	2019	3,250	0.26 mi
Engler Blvd	Audubon Rd	2017	3,350	0.40 mi
CR 10	Old Audubon Rd	2022	6,715	0.42 mi
	Chaska Blvd	2022	3,404	0.42 mi

Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

68 Listings
8119 Views
15 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

68 Listings
8119 Views
15 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

68 Listings
8119 Views
15 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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