655 Hollywood Blvd
Iowa City, IA 52240
South Iowa City
HIGHLIGHTS
- ABSOLUTE NNN LEASE: 10.5 years remaining on initial 20-year Absolute NNN lease with attractive 6% rental escalations every 5 years
- CORP. TENANT: Tractor Supply Co. owns & operates 2,296 Tractor Supply stores in 49 states & 206 Petsense by Tractor Supply stores in 23 states
- STRONG INTRINSIC VALUE | STRATEGIC LOCATION: Priced below replacement cost with replaceable rents!
- Only Tractor Supply in 20-mile radius and ranked #4 out of 20 stores in the State of Iowa (According to Placer.ai)!
- TRAFFIC COUNTS: Positioned on a large ±2.61-acre lot with excellent visibility/access on US-6 with traffic counts of 22,694 CPD!
- 2024 DEMOGRAPHICS: Total Population (5MI): 100,998 | Average Household Income (1MI): $97,534
FOR SALE DETAILS
PRICE
$2,787,000 USD
PRICE/SF
$94 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
TRACTOR SUPPLY CO. – IOWA CITY, IA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.62 AC
LAND SF
114,127 SF
ZONING
I-1
APN/PARCEL ID
1015458001
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