Big O Tires (TBC Corp. Guarantee) Offered For Sale

1973 South Robert Street, West St. Paul, MN
Sale Price: $2,838,500 – 7.0% Cap (Oct 2020 Rent)

The Property

The property is operated as Big O Tires, and the lease is guaranteed by TBC Corporation. TBC responds to the needs of consumers in search of total car care at more than 3,200 franchised and company-operated tire and automotive service centers under the brands Big O Tires® , NTB®, Tire Kingdom®, and Midas®. The 7,554, square foot property is located on the west side of the north-south Robert Street between Mendota Road to the south and Crusader Avenue to the north in the City of West St. Paul. The 10 service bay, brick building is situated on a high-traffic retail and commercial corridor heavily populated by national chain grocers and retailers to the north (Walmart, Target, Lowe’s within a ¼ mile) as well as across the street (Petco, Pearle Vision, and AT&T store) and the Cub Foods, Burlington Coat-anchored shopping center directly south of the Property.

For more information, contact John Siragusa.
Phone: 312-759-7687
Email: jsiragusa@brauvin.com
Fax: 312-759-7800

 

Property Description

  • Rentable Area: 7,554 (sf)
  • Land Area: 35,719 (sf)
  • Year Built: 2001
  • No. of Parking Spaces: 36 (2 handicapped)
  • Frontage: 119′ on Robert St.
  • 22,000 VPD on Robert St.

Lease Terms

  • Lessee: NTW, LLC
  • Guarantor: TBC Corp.
  • Operator: Big O Tires
  • Expiration Date: 9/30/2025
  • Tenant Responsibilities: NNN
  • Base Rent: $198,696 (Oct 2020)
  • Landlord Responsibilities: N/A
  • Real Estate Taxes: $38,738 – 2019
  • Options: 3, 5-year Options (12% increases)

Traffic Counts

Aerial Views

Area Map

About West St. Paul, MN

West St Paul is a suburb of the twin cities of Minneapolis and St Paul located directly to its south of St. Paul. Robert Street (Trunk Highway 952) is the main north/south transportation route through the heart of the commercial business district in West. St. Paul. Robert Street is surrounded by commercial businesses and residential uses that include a mix of single-family homes and multi-family buildings. Robert Street provides access between downtown St. Paul on the north and Trunk Highway 110, Interstate 494 and Trunk Highway 52 on the south.

Non-retail traffic and job-generators in the immediate area include the substantially-sized campuses of Dakota County Northern Service Center, Net Ministries, and the Crown of Life Lutheran Church and School located just west of the Property. The county office building is a 200,000 facility built in 2001, just south and west of the Property and reportedly housing 600 full-time county employees.

A private country club (Southview) is located east of the Property behind the Petco shopping center. Businesses in the south segment of the corridor (south of Wentworth Avenue) are primarily larger chain retail stores, while businesses in the north segment of the corridor are primarily closely spaced smaller businesses.

About Big O

The Big O Tires story begins back in 1962. The market for replacement tires was exploding, and independent tire dealers found themselves struggling to compete with major tire manufacturers’ own company stores. Big O’s founding fathers, a handful of progressive independent tire dealers, realized that they could band together to form a tire-buying cooperative to secure volume pricing. In the years that followed, Big O Tires evolved into a full-fledged franchise as it continued to find innovative ways to benefit independent dealerships and their customers. Big O has over 450 locations in 25 states and is still growing.

In 1996, Big O Tires joined forces with TBC Corporation. For more than 60 years, TBC Corporation (TBC), one of North America’s largest marketers of automotive replacement tires through a multi-channel strategy, has been a tire company ahead of the curve. Through worldwide operations spanning wholesale, retail, and franchise, TBC provides customers best-in-class brands and automotive maintenance and repair services with the underlying mission to exceed customer expectations. TBC serves wholesale customers in the United States, Canada and Mexico through TBC Brands(Big O Tires® , NTB®, Tire Kingdom®, and Midas®.), NTW, TBC International, and TBC de Mexico.

Building and Site Analysis

The site is rectangular in shape being 119 feet wide (north to south) and 300 feet deep (east to west). The subject property has 119 feet of frontage along Robert Street. The site is nearly level and at street grade.

No warranty or representation, expressed or implied, is made to the accuracy of the information contained herein, and the same is submitted subject to errors,
omissions, change of price, rental or other conditions and withdrawal without notice.