NEC N Miller & W 5th St N Ave - Retail FOR SALE


Burley, ID 83318
$9,278,000 USD
949-506-2009
NEC N Miller & W 5th St N Ave, Burley, ID for Sale
$9,278,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

NEC N Miller & W 5th St N Ave
Burley, ID 83318


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Signed Investment Grade Tenant | Tractor Supply Company (NASDAQ: TSCO | S&P: BBB)
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Across Walmart Anchored Supercenter | Near Rivergate Crossings
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC in collaboration with NAI Select is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Tractor Supply investment property located in Burley, Idaho. The tenant, Tractor Supply, Inc., recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$9,278,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Tractor Supply | Corp 15yr | 5% Bumps

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

4.24 AC

LAND SF

184,694 SF

ZONING

-

APN/PARCEL ID

RPB00000086904A

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

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