Tractor Supply Co.

Truth or Consequences, NM

Price Confidential (Below $1,700,000)
Cap Rate 7.50%
TYPE Single-Tenant
STATUS Available
Tenant Corp. Tractor Supply Co.
LEASE TYPE NN
SQUARE FEET 22,047
YEAR BUILT 1998
LEASE EXP. 2026
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

Tractor Supply Co. is a free-standing retailer with over 8 years remaining on an initial 10 year corporately guaranteed NN Lease with a 10% rental increase on February 20th, 2021. This is a rare offering below replacement cost at $82.69 PSF, paying $5.50 PSF in annual rent! The tenant, Corporate Tractor Supply Co., operates 1,700 retail stores in 49 states and has TTM revenues that exceed $6 billion. The subject property was fully remodeled in 2015, costing the tenant more than $550,000 IN RENOVATIONS!

Tractor Supply Co. is located in Truth or Consequences, New Mexico, and is the only specialty retailer of its kind in 60 mile radius. The subject property has excellent frontage on Broadway St. with high barriers to entry in the area due to topography, roadways, river and limited area for development. Tractor Supply is nearby national retailers and hospitals: Walmart, Family Dollar, Bealls, Burkes Outlet, Dollar General, New Mexico State Veterans Home and Sierra Vista Hospital.

*In Association With: Richard Hanna | Hanna Commercial, LLC | License #9158

**CALL BROKER FOR FULL OFFERING MEMORANDUM & PRICE

Property Highlights

  • 8+ Years Remaining on Initial 10 Year NN Lease with a 10% Rental Increase on 2/20/2021
  • Fully Remodeled: Tenant Spent >$550,000 in Renovations in 2015
  • High Barriers to Entry: Topography, Roadways, River & Limited Area for Development
  • Tenant: Corporate Tractor Supply Co. - Operates 1,700 Stores in 49 States and has TTM Revenues >$6B
  • Only Specialty Retailer of Its Kind in 60 Mile Radius