1650 Columbus Ave - Freestanding FOR SALE


Washington Court House, OH 43160
$2,557,000 USD
949-724-5552
1650 Columbus Ave, Washington Court House, OH for Sale
$2,557,000 USD
Freestanding - FOR SALE
1/7
null | 6.26% Cap Rate

1650 Columbus Ave
Washington Court House, OH 43160


HIGHLIGHTS

  • New 10 Year Roof Warranty
  • Below Replacement Cost at $64 PSF – Below Market Rent of $4 PSF Annual Rent
  • Large Land Parcel - Approx. 6.75 Acres
  • Top 30% Ranked Store out of 98 in State of OH
  • Publicly Traded Company (NASDAQ: TSCO) - Investment Grade Tenant (S&P: “BBB”)
  • Long Term Operating History – Tenant has Occupied this Location Since 2002

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire a single-tenant net-leased Tractor Supply in Washington Court House, OH. Tractor Supply Company (NASDAQ: TSCO) has an investment-grade credit rating from S&P of “BBB”, operates over 2,200 locations across 49 States, has annual sales exceeding $14.8 billion and is ranked 293 on the Fortune 500 List. The net lease has over 7 years remaining in the primary term (recently extended), rent increases in both primary term and option periods and minimal landlord responsibilities, providing passive cash flows for years to come. The tenant took over the Quality Fleet and Farm lease in 2002 and extended their lease in 2020, demonstrating the strength and profitability of this location. The subject property comprises a 39,775 SF building on a large 6.75-acre parcel, is positioned along Columbus Avenue (U.S. Hwy 62), which sees over 13,300 VPD, and prospers from excellent visibility and accessibility. Nearby retailers include CVS Pharmacy, Walgreens, Ace Hardware, Ollie’s Bargain Market, Bealls Outlet, Save A Lot, McDonald’s, Burger King, Dairy Queen, and more. This is an excellent opportunity to purchase a well-established Tractor Supply Co in Ohio with long-term operating history, minimal landlord responsibilities, rent increases, and below-market rent providing years of worry-free cash flows.

FOR SALE DETAILS

PRICE

$2,557,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

296

LAND DETAILS

LAND ACRES

6.75 AC

LAND SF

294,030 SF

ZONING

C

APN/PARCEL ID

211-014-100-097-01

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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