Dark Big O Tires

Highlights:

• Redevelopment opportunity with Lease buy out potential. Approximately $737,000 remaining NOI payments over 5 1/2 years.
• 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 $152,740 and 5-mile population of 98,975.

Description:

This Big O Tires is located along Crystal Lane and near Highway 212 where traffic counts average 39,500 vehicles per day. Chaska is about 25 miles away from Downtown Minneapolis. Minneapolis consistently ranks as one of the top cities in the United States for quality of living and strong demand for housing.

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