15810 W 67th St

The subject property is a freestanding Big O Tires facility in Shawnee, Kansas, newly constructed in late 2006. This ±8,064 sq. ft. building is situated on a large ±1.47 acre parcel of land that provides abundant on-site customer parking of 32 spaces and is equipped with 10 service bays. The CAP rate increases to a 7.32% as of March, 2027, assuming a 12% CPI rent increase.
Shawnee is a suburb of Kansas City, Missouri with a population of approximately 69,198. Average Household Income within a 3-mile radius of the subject property is reported at $123,998. The property is located just a few miles from Downtown Shawnee and roughly 15 miles from downtown Kansas City. The subject property is strategically situated as a pad to a Home Depot and within walking distance to other national retailers such as Walmart Supercenter, Target, Starbucks, Kohl’s, ALDI, Ross Dress for Less, Chipotle and more.
The existing Big O Tires corporate lease ends February 28, 2032, with three-5 year lease options. The lease is absolute NNN, requiring no landlord responsibilities with CPI rent increases every 5 years not to exceed 12%.
The lease includes a corporate guarantee from TBC Corporation, whose parent company is Sumitomo Corporation. Other TBC Corporation subsidiaries include Midas, who have over 2,000 locations worldwide, and NTW, the second largest wholesale tire supplier in the United States.
Big O Tires is one of North America’s largest retail tire companies, with over 470 independently owned franchises in the Western and Midwestern regions of the U.S. After joining TBC Corporation in 1996, Big O Tires expanded its reach from aftermarket tire purchasing to offering expansive automotive maintenance services.