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.