Tractor Supply Company

1605 Vicki Drive, Grants, NM 87020

$7,084,000

Cap Rate 6.00%

Views: 78 DOM: 106 Updated: 09.16.24 Posted: 07.10.24 Status: Active

Summary

Price $7,084,000	Built/Renov 2023	Tenant Tractor Supply Company
Cap Rate 6.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 21,930	Lease Start 09-01-2023	#Units 2,414
Price/SF $323.03	Expiration 08-31-2039	Tenant Type General Retail
NOI $425,000	R. Term 14.10	Ownership Fee Simple
Rent/SF $19.38	Increases 5.0%/5/yrs	Pop 5Mi 11,987
Lot/AC 4.16	Options 4/5yrs/5%	AHHI 5Mi $62,369

Andrew Bogardus

Cushman & Wakefield

Contact

Lease Highlights

New 2023 construction
Tractor Supply Company has 15 years remaining on the current lease term with 4 (5-year) options to extend
The lease features 5% rental escalations throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on Vicki Drive, immediately adjacent to the on/off ramp for Interstate 40, a major highway. The property is surrounded by well-known national tenants including Walmart, Walgreens, Taco Bell, Subway, Dairy Queen, Dollar Tree, and more. The 5-mile trade area is supported by a population of 11,987 residents with an average household income of...

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Key Features

New construction
Build to suit
Oversized lot
Near major nationals
Strategically located
Freeway visibility
Long 15+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Grants, New Mexico Zip Code 87020 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tractor Supply Company
Guarantor:Corp T and Rated
Company:Tractor Supply Company
# Units:2,414
Tenant S&P: BBB
Moody’s: Baa1
Stock: NASDAQ: TSCO

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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