7309 Murieta Dr - Retail FOR SALE


Rancho Murieta, CA 95683
$7,315,000 USD
949-506-2009
7309 Murieta Dr, Rancho Murieta, CA for Sale
$7,315,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

7309 Murieta Dr
Rancho Murieta, CA 95683


HIGHLIGHTS

  • About 12 Years Remaining | Corporate Signature (Nasdaq: TSCO)
  • Rare, Modified NNN | Fee Simple Ownership
  • Proximity to Major Planned Developments (Rancho North)
  • Primary Retail Hub Serving Rancho Murieta Community
  • Affluent Demographics In 5-Mile Trade Area | Limited Competition

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased Tractor Supply Co. (Nasdaq: TSCO) investment property located in Rancho Murieta, California. The lease is corporately signed and has approximately 12 years of guaranteed term remaining and four, 5-year option periods. There are 5% rental increases every 5 years (next in 2028) throughout the initial term and options, providing a built-in hedge against inflation. The lease structure is a rare, modified NNN lease in which the Landlord is only responsible for roof and structure, resulting in a passive investment. There is also a 20-year roof warranty in place with about 17 years remaining on the term. This structure offers investors a low-management ownership profile with durable cash flow. Tractor Supply operates 2,400+ locations nationwide and maintains strong corporate performance with an average unit volume of approximately $6.5MM.

FOR SALE DETAILS

PRICE

$7,315,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply | 12 Yrs | Rare Modified NNN

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

C

APN/PARCEL ID

073-0890-035

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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