300 Savage Ave - Freestanding FOR SALE


Lamar, CO 81052
$3,347,000 USD
859-907-2006
300 Savage Ave, Lamar, CO for Sale
$3,347,000 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

300 Savage Ave
Lamar, CO 81052


HIGHLIGHTS

  • BRAND NEW 15 YEAR LEASE
  • NATIONALLY RECOGNIZED TENANT
  • ONLY TSC LOCATION IN 100 MILE RADIUS
  • 5% RENT INCREASES EVERY 5 YEARS

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest of the Tractor Supply property located at 300 Savage Ave, Lamar, CO (“Subject Property”). The subject property is a single tenant retail asset consisting of a 40,522 square-foot building with an additional 15,000 square-foot outdoor storage area that sits on approximately 4.6 acres. Tractor Supply Company has occupied the building since 2015 and has recently executed an early lease extension resetting the base lease to a new 15-year term, showcasing their commitment to this location. The net lease features minimal landlord responsibilities, 5% rent escalations every 5 years, and four 5-year options providing investors superior risk adjusted yields, and protection against inflation. The city of Lamar, CO is in Prowers County which is a growing and diverse farming and ranching community. This Tractor Supply property serves a large regional consumer base beyond the city and county lines, being the only location within a 100-mile radius. With over 1,764 farms and ranches in Prowers & surrounding counties, Tractor Supply is ideally positioned to succeed here long term, which is further demonstrated by their early lease extension.

FOR SALE DETAILS

PRICE

$3,347,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.96 AC

LAND SF

172,612 SF

ZONING

-

APN/PARCEL ID

2000-10-011

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

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