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116 W 56th St
Kearney, NE 68847
Big O Tires: New 15 Year Absolute NNN Lse · Retail Property For Sale
Property Facts
About 116 W 56TH ST , KEARNEY, NE 68847
Big O Tires has a brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years and two 5-year renewal options – guaranteed by two-unit operator including T&J Tires and Associates, LLC. The tenant, Big O Tires operates more than 450 franchise stores in 25 states and this location has been successfully open an operating since 1998 with an attractive 6.10% rent to sales ratio! Operator is one of the leading franchisees in 2019 – Big O Tires Kearney location ranked #6 for the Franchisee of the Year Program (YTD ranking through September 20, 2019). Big O Tires is located in Kearney, Nebraska on a hard corner in a dense retail corridor with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Target, Menards, Hobby Lobby, Hy-Vee, JCPenney, Ashley HomeStore, Old Navy, Maurices, Marshalls, Goodwill, PetSmart, Five Below, OfficeMax, Sally Beauty, Cato, Ace Hardware & Garden, Sears Hometown Store, etc. The subject location is just 2.5 miles from the University of Nebraska at Kearney (enrollment of 6,902 students), 2 miles from CHI Health Good Samaritan (268 beds), and 5 miles from Kearney Regional Medical Center (89 beds).
Property Taxes
| Parcel Number | 605179508 | Improvements Assessment | $617,275 |
| Land Assessment | $553,000 | Total Assessment | $1,170,275 |
Property Taxes
