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Views: 174 DOM: 89 Updated: 10.15.24 Posted: 09.24.24 Status: Active

Summary

Price $2,583,000
Built/Renov 1987
Tenant Tractor Supply Company
Cap Rate 6.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 54,521
Lease Start 07-20-2010
#Units 2,414
Price/SF $47.38
Expiration 07-19-2034
Tenant Type General Retail
NOI $167,913
R. Term 9.7
Ownership Fee Simple
Rent/SF $3.08
Increases 7.5%/5/yrs
Pop 5Mi 14,595
Lot/AC 9.70
Options 4/5yrs/7.5%
AHHI 5Mi $70,720

Lease Highlights

  • Tractor Supply Company has been operating in this location since 2010
  • The tenant has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 7.5% rental increases throughout the initial term and option periods
  • Priced below replacement cost at $47.38 PSF
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on North Summit Street, with access to 15,550 vehicles passing by daily. The property serves as an outparcel to a high-performing Walmart Supercenter, which sees 1.6 million annual visits according to Placer.ai. The immediate area features prominent national tenants, including Domino's, Anytime Fitness, AutoZone, O'Reilly Auto Parts, Sonic, 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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Listing Broker

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