Upland Real Estate Group recently arranged the sale of the Big O Tires property in West St. Paul, Minnesota.
The property is an absolute triple net lease property with 12 percent increases in each of the three five-year renewal options.
Big O Tires is one of North America’s largest retail tire franchisors, with more than 450 independently owned and operated locations in 23 states.
Keith Sturm, principal and chief executive officer of Upland Real Estate Group, said that the sale during COVID-19 is evidence of the continued interest among investors in owning essential retailer-operated properties in strong locations.
The Big O Tires property is located just north of Interstate-65.