Tractor Supply - Freestanding FOR SALE


Middletown, NY 10941
$6,075,000 USD
949-903-3399
Tractor Supply, Middletown, NY for Sale
$6,075,000 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

Tractor Supply
Middletown, NY 10941


HIGHLIGHTS

  • Long Term Corp. Lease (Fee- 9+ Yrs.) by Tractor Supply (NASDAQ: TSCO)- Market CAP $21.4B
  • Largest Operator of Rural Lifestyle Retail Stores in the U.S. - 2016+ Locations in 49 States
  • Attractive 10% Rent Bumps thru Primary Term/Options – Minimal LL Duties- Large 4.27 Acre
  • Affluent Suburb Community outside of New York City- Strong Demo’s ($104K HHI) and Growth
  • High Profile Site across from Sam’s Club/Walmart/Home Depot/Lowe’s and Hannaford Market

OVERVIEW

The SnyderCarlton Team is pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant net leased asset that is fully occupied by Tractor Supply (NASDAQ: TSCO) with over 9.7 lease years remaining. Located in Middletown, NY, the property comprises a ~19,097 SF building on a 4.27-acre lot and is positioned near the intersection of State Route 17 and Interstate 84 across from Hannaford (supermarket) and near the recently constructed Residence Inn, La Quinta Inn and Starbucks. Additionally, the subject property is next to major regional draw tenants such as Sam’s Club, Lowe’s, Petco, Walmart Supercenter, The Home Depot, and more. This is an excellent opportunity to own an investment grade credit tenant (NASDAQ: TSCO – rated “BBB” by S&P) with over 9.7 years of lease term remaining, 10% rental increases every 5 years and minimal landlord management responsibilities.

FOR SALE DETAILS

PRICE

$6,075,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Term Investment Grade- Rare NY Asset

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

4.3 AC

LAND SF

187,308 SF

ZONING

TC

APN/PARCEL ID

335200 41-1-121

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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