1208 W Highway 28 - Freestanding FOR SALE
Owensville, MO 65066 |
$2,037,000 USD
216-264-2000
1208 W Highway 28
Owensville, MO 65066
HIGHLIGHTS
- Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, MO
- Extremely Low 2.8% Rent-to-Sales Ratio; Reported Strong Sales of $4.34 Million in 2023
- Low Rent of Only $3.22/SF; Offered Well-Below Replacement Cost at $54/SF
- Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038
- 5% Rent Increase in 2030 & 10% Rent Increase in 2035; +93 bps to CAP Rate by End of Current Term
- Minimal Landlord Responsibilities – Mostly Roof/Structure; Tenant Self-Maintains HVAC, Parking Lot, CAM & Insurance, Reimburses Taxes
FOR SALE DETAILS
PRICE
$2,037,000 USD
PRICE/SF
$54 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tractor Supply Co - Owensville MO
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Garden Center, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1981
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.97 AC
LAND SF
260,053 SF
ZONING
-
APN/PARCEL ID
14-9.0-31-000-000-009.010
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216-264-2000
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216-264-2000
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