1208 W Highway 28 - Freestanding FOR SALE


Owensville, MO 65066
$1,880,000 USD
980-498-3293
1208 W Highway 28, Owensville, MO for Sale
$1,880,000 USD
Freestanding - FOR SALE
1/5
null | 6.5% Cap Rate

1208 W Highway 28
Owensville, MO 65066


HIGHLIGHTS

  • Strong Commitment from Tenant
  • Attractive Lease Fundamentals
  • Proven & Reported Sales
  • Minimal Landlord Responsibilities
  • Corporate Guaranty

OVERVIEW

Atlantic Capital Partners has been exclusively engaged in soliciting offers for the sale of this Tractor Supply Company located in Owensville, MO. The 37,895 SF asset sits atop 5.97 acres and is positioned with excellent frontage along Highway 28, the major roadway into downtown Owensville. The offering is complemented by a strong-performing location for the store, with 2023 reported sales of $4.3M, equating to a 2.8% Rent-to-Sales ratio. Located at 1208 Highway 28, Tractor Supply has been operating at this location for over seventeen years. The initial 10-year lease was signed in 2007 and rent commenced in February 2008. Tractor Supply extended their base term by ten years in 2017 and recently extended their base term again by 10 years, providing them with term through January 2038. Tractor Supply is currently paying $122,211 and features a 5% rent increase in January 2030 with 10% rent increases every 5 years thereafter.

FOR SALE DETAILS

PRICE

$1,880,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply - Owensville, MO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

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 Notice.