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Auto Parts

Big O Tires

5501 N Xerxes Ave, Minneapolis, MN 55430

Listing Price: $1,250,000

Cap Rate
5.50%
Tenant Name
Big O Tire
Years Remaining On Lease
2.9
Guarantor
Corporate Guarantee
Rentable SF
8,330
Lease Type
Absolute Net
Rent Per Square Feet
$8.28

Investment Overview

Adjacent to the Shingle Creek Crossing, a 65-acre regional shopping center anchored by Walmart, T.J. Maxx, LA Fitness, Five Below, and other national tenants ?One block away from Highway 100 which leads to neighboring suburbs and freeways that connect to downtown Minneapolis and St. Paul ?Strong market demographics, over 310,000 people within a 5-mile radius of the subject property with an average household income of over $80,000 ?Proximity to Northport Elementary School and multiple development projects, including a new 267-unit senior and multi-family housing community

Investment Highlights

  • ?Corporate Lease with Big O Tires and TBC Corporation Guarantee
  • ?3% annual increases through the remainder of the current term and option period
  • ?Low rent at $8.28/SF

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Listing Price: $1,250,000

Cap Rate
5.50%
Tenant Name
Big O Tire
Years Remaining On Lease
2.9
Guarantor
Corporate Guarantee
Rentable SF
8,330
Lease Type
Absolute Net
Rent Per Square Feet
$8.28

Investment Highlights

  • ?Corporate Lease with Big O Tires and TBC Corporation Guarantee
  • ?3% annual increases through the remainder of the current term and option period
  • ?Low rent at $8.28/SF

Investment Overview

Adjacent to the Shingle Creek Crossing, a 65-acre regional shopping center anchored by Walmart, T.J. Maxx, LA Fitness, Five Below, and other national tenants ?One block away from Highway 100 which leads to neighboring suburbs and freeways that connect to downtown Minneapolis and St. Paul ?Strong market demographics, over 310,000 people within a 5-mile radius of the subject property with an average household income of over $80,000 ?Proximity to Northport Elementary School and multiple development projects, including a new 267-unit senior and multi-family housing community

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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