Big O Tires
Baskersfield, CA
Big O Tires, LLC. is North America’s second largest franchiser of tire retailers. It is headquartered in Palm Beach Gardens, FL, and has more than 380 franchises in 19 U.S. states. It sells its own Big O private brand tires and other brands. In addition to selling and servicing tires, wheels, and alignments, Big O Tires provides basic maintenance and replacement services such as lube, oil, and filter changes, including engine and cabin air filters, battery and lamp replacement, strut installation, and brake service. Because Big O Tires is a wholly owned subsidiary of TBC Corporation, its franchisees are located in markets not served by the TBC-owned Tire Kingdom, NTB, and Merchant Tire chains.
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Typical Lease Characteristics
Lease Term: 10-15 Years Years
Lease Type: NNN(absolute Net)
Lease Increases: Varies. Typically yes.
Lease Extensions: 2-4 (5) Year Options
Lease Guarantor: Corporate Guarantee
Tenant Overview
Strong industry presence various customer offerings. Because Big O Tires is a wholly owned subsidiary of TBC Corporation, its franchisees are located in markets not served by the TBC-owned Tire Kingdom, NTB, and Merchant Tire chains. This gives Franchises while economies of scale and competitive advantages. Since almost all locations are franchised however, special consideration must be given to the strength of the Franchisee when evaluating this investment.
Positives:
- Nationwide presence with high brand recognition
- Benefits of strong Parent Company with various economies of scale
- Typically Long term leases with increases
Negatives:
- Private Company
- Competitive Industry Sector
- Typically Franchised Locations
Market Snapshots:
On Market Ranges:
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PPSF: N/AV - N/AVAverage: N/AV
Year Built: N/AV - N/AVAverage: N/AV
CAP Rate Range: N/AV - N/AVAverage: N/AV
Size range: N/AV - N/AV Average: N/AV
Last 12 Month Range:
# of Properties in set: N/AV
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PPSF: N/AV - N/AVAverage: N/AV
Year Built: N/AV - N/AVAverage: N/AV
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Size range: N/AV - N/AV Average: N/AV
Big O Tires Company Profile
Headquarters Information
Palm Beach Gardens, Florida
Founded in 1962
Company type: Private
Parent Company: TBC Corporation
Industry: Retail