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- LoopNet Team
11473 N Marketplace Dr
Champlin, MN 55316
Big O Tire- Champlin MN · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
ABOUT 11473 N MARKETPLACE DR , CHAMPLIN, MN 55316
This is an excellent opportunity to purchase an investment portfolio for $3,263,700 at 6.06% cap rate with 7 years remaining on the leases. These leases includes a 10% (or greater) rent increases in year 10, and in each of three 5-year options. These properties may be purchased as a portfolio or individually. The leases have a corporate guaranty by TBC Corporation. TBC Corporation is a unit of Japan's Sumitomo Corporation of America (SCOA), with 2,400 locations. Big O Tires is one of North America's largest retail tire franchisors, with nearly 400 franchise and company-owned locations in 23 states. TBC Retail Group brands include NTB, Tire Kingdom, Merchant’s Tire and Auto Centers, and franchised stores under the "Big O Tires" brand.
PROPERTY TAXES
| Parcel Number | 31-120-21-13-0104 | Improvements Assessment | $1,358,000 |
| Land Assessment | $229,000 | Total Assessment | $1,587,000 |
PROPERTY TAXES
