1208 W Highway 28 - Freestanding FOR SALE


Owensville, MO 65066
$1,955,000 USD
980-498-3293
1208 W Highway 28, Owensville, MO for Sale
$1,955,000 USD
Freestanding - FOR SALE
1/5
null | 6.25% Cap Rate

1208 W Highway 28
Owensville, MO 65066


HIGHLIGHTS

  • Minimal Landlord Responsibilities
  • Strong Commitment from Tenant
  • Attractive Lease Fundamentals

OVERVIEW

Strong Commitment from Tenant - Tractor Supply Co. extended their base term for an additional ten years, providing term through January 2038, showing the tenant’s dedication to the site - Attractive Lease Fundamentals Over 12 years of term remaining with a 5% rent increase in 2030 and 10% rental increases every 5 years thereafter - Proven & Reported Sales - Extremely low 2.8%Rent-to-Sales Ratio with Strong reported sales of$4.3M in 2023 Minimal Landlord Responsibilities - NN Lease calls for minimal landlord responsibilities limited to only Roof &Structure Corporate Guaranty - Tractor Supply Co (NASDAQ:TSCO) has over 2,400 locations across the US with $14.88B in Revenue for 2024

FOR SALE DETAILS

PRICE

$1,955,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Garden Center, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

204

LAND DETAILS

LAND ACRES

5.97 AC

LAND SF

260,053 SF

ZONING

-

APN/PARCEL ID

14-9.0-31-000-000-009.010

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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