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Views: 353 DOM: 57 Updated: 09.16.24 Posted: 06.26.24 Status: Sold 08.22.24

Summary

Price $588,499 $650,000
Built/Renov 1992
Tenant Tractor Supply Company
Cap Rate 6.73% 6.09%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 24,600
Lease Start 07-01-1992
#Units 2,414
Price/SF $23.92 $26.42
Expiration 06-30-2032
Tenant Type General Retail
NOI $39,606
R. Term 7.5
Ownership Fee Simple
Rent/SF $1.61
Increases 3.0%/7/yrs
Pop 5Mi 27,311
Lot/AC 2.50
Options 3/5yrs/3%
AHHI 5Mi $48,592

Lease Highlights

  • Tractor Supply Company has been operating in this location for over 20 years
  • The tenant has 8 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 3% rental escalations at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on North Court Road, with access to 9,600 vehicles passing by daily. The property is surrounded by well-known national tenants, including Walmart at the nearby Quincy Place Mall, as well as Kohl’s and ALDI. Nearby educational institutions within a 3-mile radius include Ottumwa High School, Evans Middle School, Horace Mann Elementary School, and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Tractor Supply Company (also known as TSCO or TSC), founded in 1938, is an American retail chain of stores that sells products for home improvement, agriculture, lawn and garden maintenance,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,168 11,112 26,086
2024 Total Population : 2,112 11,033 26,233
2024 Employed Civilian Pop : 895 5,044 11,689
2024 Total Businesses : 68 440 1,054
2024 Average Household Income : $ 108,756 $ 90,352 $ 77,229
2024 Total Consumer Spending : $ 79 M $ 341 M $ 713 M
2024 Median Age : 37 37 38
2024 Total Households : 841 4,257 10,330
2024 Pop Age 25+: Bachelor's Degree : 355 1,232 2,226
2024 Average Home Value : $ 210,865 $ 192,139 $ 167,202
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 63 Bonita Ave 2006 10,500 0.16 mi
Rochester Rd E N Ct Rd 2006 2,630 0.19 mi
East Rochester Street N Ct Rd 2022 7,000 0.19 mi
West Rochester Street N Ct Rd 2022 2,120 0.20 mi
US 63 Business;IA 14 Bonita Ave 2022 10,200 0.39 mi
IA 149 Bonita Ave 2020 6,513 0.46 mi
W Rochester St Sycamore Rd 2006 1,100 0.61 mi
US Hwy 63 Bryan Rd 2006 13,300 0.65 mi
Old US Highway 63 Bonita Ave 2022 10,200 0.68 mi
Sycamore Rd W Rochester St 2006 400 0.70 mi

Listing Broker

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