1700 N Baltimore St - Retail FOR SALE


Kirksville, MO 63501
$1,200,000 USD
314-889-2555
1700 N Baltimore St, Kirksville, MO for Sale
$1,200,000 USD
Retail - FOR SALE
1/9
null | 6.54% Cap Rate

1700 N Baltimore St
Kirksville, MO 63501


HIGHLIGHTS

  • The Tenant has successfully operated at this location for 15 years demonstrating their long term commitment to the property
  • Tractor Supply (TSCO Nasdaq) is a $32.5 Billion Revenue Company specializing in Farm & Home products.
  • The Tenant has 3 years remaining on a 15 year NN lease paying low rent per square foot, of only $2.90 psf

OVERVIEW

Marcus & Millichap is pleased to present 1700 North Baltimore Street in Kirksville MO occupied by Tractor Supply (TSCO Nasdaq) is a $32.5 Billion Revenue Company specializing in Farm & Home products. The Tenant has successfully operated at this location for 15 years demonstrating their long term commitment to the property and Kirksville market with its large agricultural based economy. TSC remodeled the store in 2023 upgrading to the current Fusion image. The Tenant has 3 years remaining on a 15 year NN lease paying low rent per square foot, of only $2.90 psf, improving their long-term sustainability at the location and generating net income of $79,680 annually. TSC has One (1) Five (5) year Option to renew remaining on its lease. The property is located in the endcap within the Sudden Valley Shopping Center, a beneficiary of growth in Kirksville, MO with recent additions of Harbor Freight and Ollie's to the center. Ranked #291 on the Fortune 500 list, TSC is one of the fastest-rising companies, with their continued impressive growth trajectory, boasting a ±$32.5 billion market cap and over 2,270 locations in 49 states, including their 205 Petsense stores.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

6.54%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,151 SF

ZONING

-

APN/PARCEL ID

13-02.0-04-1.1-04-07.000000,13-02.0-04-1.1-04-07.001000

ASK ABOUT THIS PROPERTY

Dave SaverinMarcus & MillichapMore Info
314-889-2555

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Dave SaverinMarcus & MillichapMore Info
314-889-2555

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