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27138338
27138339

Janesville Road & Moorland Road, Muskego, WI 53150

JF
IL 475154756
The Boulder Group
Listed by The Boulder Group
$8,278,689
256 days on market
Updated 36 days ago

Tractor Supply Company

Details
Property Type Retail
Sub Type Storefront
Square Footage 21,930
Cap Rate 6.1%
NOI $505,000
Occupancy 100%
Tenancy Single
Brand/Tenant Tractor Supply
Lease Type NN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options Four 5-year
Year Built 2025
Acreage 4.130
Investment Type Net Lease

6.10% Cap Rate | Tractor Supply Company | New Build | 15-Year Lease

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Tractor Supply Company property positioned within the Milwaukee MSA in Muskego, Wisconsin. The property’s construction will be completed in the first quarter of 2026 with a long-term 15-year lease commencing thereafter. The lease features 5% rental escalations throughout the primary term and four 5-year renewal options. The building is positioned on a large 4-acre lot and contains a 15-year roof warranty. Tractor Supply Company is an investment grade rated company with a “BBB” rating from Standard & Poor’s.

The 21,930 square-foot building is positioned in an established shopping center alongside major tenants Kohl’s, Dollar Tree, Starbucks, and Aurora Health. The shopping center is positioned at the signalized intersection of Janesville Rd and Moorland Rd, with a combined traffic count of nearly 37,000 vehicles per day and is minutes from Interstate 43 (62,700 VPD). The surrounding community is affluent and produces an average household income in excess of $146,000, within one mile. Additionally, over 86,000 people live within a five-mile radius. The property is also near prominent retailers Costco, Walmart, ALDI, Ace Hardware, Chase Bank, BMO Bank, and Walgreens, as well as key industrial tenants such as GE Healthcare, Amazon, CableMaster, Crown Lift Trucks, and Naasco.

Tractor Supply Company, founded in 1938, is the largest rural lifestyle retailer in the United States, headquartered in Brentwood, Tennessee. With over 2,200 stores across 49 states, the company serves farmers, ranchers, homeowners, and pet owners by offering a wide range of products, including agricultural equipment, tools, hardware, workwear, pet supplies, and lawn and garden essentials. Tractor Supply is committed to supporting the “Out Here” lifestyle, providing practical solutions for rural and suburban customers.

Investment highlights

  • Positioned within the Milwaukee MSA

  • Investment grade (S&P: BBB)

  • Long term 15-year lease

  • New build-to-suit construction with a 15-year roof warranty

  • 5% rental escalations every five years

  • Affluent area - $146,000+ average household income within one-mile

  • Located in an established shopping center with Kohl’s, Dollar Tree, Starbucks, & Aurora Health

  • Located at the signalized intersection of Janesville Rd & Moorland Rd (Combined 36,900 VPD) and Minutes from Interstate 43 (62,700 VPD)

  • Located near major retailers including Costco, Walmart, ALDI, Ace Hardware, Chase Bank, BMO Bank, Walgreens, and more

  • Close to key industrial tenants such as GE Healthcare, Amazon, CableMaster, Crown Lift Trucks, Naasco, and others

  • Over 86,000 people live within a five-mile radius

Listing Contacts

JF
IL 475154756
The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$505,000.00
$42,083.33/mo

Valuation Metrics

0
DSCR
6.1%
Cap Rate
6.1%
ROI

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