5360 State Highway 12 - Storefront FOR SALE


Norwich, NY 13815
$7,500,000 USD
212-372-2054
5360 State Highway 12, Norwich, NY for Sale
$7,500,000 USD
Storefront - FOR SALE
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null | Request Cap Rate

5360 State Highway 12
Norwich, NY 13815


HIGHLIGHTS

  • 100% LEASED AND GUARANTEED BY TRACTOR SUPPLY COMPANY
  • CUTTING-EDGE TRACTOR SUPPLY PROTOTYPE DESIGN RETAIL STORE
  • HIGHLY PASSIVE 15 YEAR NN LEASE WITH 5% RENTAL INCREASES
  • NORWICH, NY | HIGHWAY FRONTAGE | AGRICULTURE REGION

OVERVIEW

100% LEASED AND GUARANTEED BY TRACTOR SUPPLY COMPANY The Property is fully leased and guaranteed by Tractor Supply Company (Standard & Poor’s: BBB). Tractor Supply sits at #291 in the Fortune 500 and operates over 2,300 stores in 49 states. Starting in 2025, Tractor Supply plans to accelerate store growth to 90 stores per year. CUTTING-EDGE TRACTOR SUPPLY PROTOTYPE DESIGN RETAIL STORE The Subject Property boasts Tractor Supply Company’s cutting edge prototype retail store design, which includes their brand new state-of-the-art outdoor garden center, TSC’s newly implemented “Buy-online-pickup-in-store (BOPIS)” drive through lane, along with the company’s brand new “Project Fusion” store layout: which is a redesign of the in-store layout that is targeted at enhancing the customer’s overall shopping experience. HIGHLY PASSIVE 15 YEAR NN LEASE WITH 5% RENTAL INCREASES Tractor Supply Company is operating under a highly passive 15-year lease with minimal landlord obligations. The lease boasts 5% rental increases every 5 years throughout the primary term and at the beginning of each of the four option periods. NORWICH, NY | HIGHWAY FRONTAGE | AGRICULTURE REGION Located in Norwich, New York, the Subject Property is situated right along Highway 12 and sees over 13,500 vehicles per day. The subject property is surrounded by several large national brands such as: Walmart, Lowe’s, Taco Bell, KFC, and many others. Norwich supports many of the surrounding communities and is the largest city and the seat of Chenango county.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Company

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Garden Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.35 AC

LAND SF

233,046 SF

ZONING

-

APN/PARCEL ID

084200-160-000-0001-019-100-0000

ASK ABOUT THIS PROPERTY

Kenneth ZakinNewmarkMore Info
212-372-2054

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Kenneth ZakinNewmarkMore Info
212-372-2054

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.