Big O Tires Investment
For Sale
Contact for pricing
1305 Crystal Lane, Chaska, MN 55318
Single tenant Big O Tires store in Chaska, MN for sale.
Property Size4,809 SF
Price / SF$367.02
Days on Market862
Property Features for 1305 Crystal Lane
General Information
Standard status
Active
Size
4,809 SF
Property subtype
Retail
Zoning
PMD - Planned Multi-Use Development
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$131,151
Building Details
Year Built
1998
Buildings
1
Tenancy
Single
Listing Agency:
Upland Real Estate Group Inc
Listed By:
Deborah Vannelli · License #MN 20103724
(612) 376-4475
Source:
Crexi
Added: Apr 24, 2024
Changed: Aug 27
Last Checked: Sep 1 at 11:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Upland Real Estate Group Inc
Investment Insights
Based on property information with market context.
This single-tenant Big O Tires store is located in Chaska, MN. The property is currently dark but paying full rent without abatement, operating under an absolute NNN lease with zero landlord responsibilities. The lease is guaranteed by the TBC Corporation and features 10% rental increases every 5 years. The property offers a redevelopment or value-add opportunity for investors. The property size is 4809 square feet.
Key Highlights
- Absolute NNN Lease with ZERO Landlord Responsibilities, Guaranteed by TBC Corporation
- Currently dark but paying full rent without abatement
- 10% rental increases every 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,230
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,184,600
$1.2M
Cap Rate 7%
$846,143
$846.1K
Cap Rate 9%
$658,111
$658.1K
Market Conditions
NOI Build-Up for 4,809 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.2K $18.96/SF
− Vacancy
−$6.6K −$1.37/SF
EGI
$84.6K $17.59/SF
− OpEx
−$25.4K −$5.28/SF
NOI
$59.2K $12.32/SF
Area
Carver County, MN
Vacancy
7.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,184,600
Cap Rate 7%
$846,143
Cap Rate 9%
$658,111
Alternative Uses
Best Use
Retail
$846.1K
$740.4K – $987.2K
NOI $59,230 @ 7.0% cap · market cap 3.36%
Second Best
Industrial
$746.3K
$653.1K – $870.7K
NOI $52,244 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,313 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Caribou Coffee
Dining
7,960 visits/mo
0.2 miles
Speedway
Shops & Services
5,308 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
2,096 visits/mo
0.0 miles
Valvoline Instant Oil Change
Shops & Services
2,033 visits/mo
0.1 miles
Papa Murphy's
Dining
1,782 visits/mo
0.2 miles
Demographics for 55318, MN
29,729
Population
11,453
Households
2.6
Avg Household Size
37
Median Age
47%
College-Educated
93%
High-School Grad
39.9 sq mi
ZIP Area
745
Density / Sq Mi
$111,781
Median Household Income
$63,293
Median Earnings
$1,430
Median Rent
$389,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Single tenant Big O Tires store in Chaska, MN for sale.
Where is this auto shop located?
The property is located at 1305 Crystal Lane Chaska, MN.
What is the asking price?
The asking price for this property is $1,765,000.
What are key features of this property?
This property features: Absolute NNN Lease with ZERO Landlord Responsibilities, Guaranteed by TBC Corporation; Currently dark but paying full rent without abatement; 10% rental increases every 5 years
