Tractor Supply & Ollie's
100% Leased | Tractor Supply & Ollie's | 7.5% CAP | Indianapolis MSA
Marketing description
Silber Investment Properties is pleased to present the exclusive listing of 435-437 Town Center South Drive Mooresville, Indiana a fully leased, two-tenant retail strip anchored by Tractor Supply Company and Ollie's Bargain Outlet, offered at $3,988,500 7.5% CAP.
The property consists of approximately 54,993 square feet of retail space and is 100% occupied by two nationally recognized, credit-rated tenants. Tractor Supply (NASDAQ: TSCO | BBB S&P | 2,198+ locations) occupies 23,257 SF through May 2028 with three 5-year renewal options and 10% rent bumps at each option. Ollie's Bargain Outlet occupies 31,444 SF through January 2029 on a gross lease structure, with three 5-year renewal options and 6% increases at each option.
The asset generates $395,410 in total income and $299,271 in NOI, with tax reimbursements and CAM recoveries providing additional landlord income. Both tenants carry built in rent growth, offering investors a natural hedge against inflation throughout the hold period.
Located along State Road 67 with 31,620 vehicles per day, the property sits within the Mooresville Town Center trade area — one of the dominant retail corridors in the Indianapolis MSA. Surrounding national co-tenancy includes Walmart Supercenter, Menards, Meijer, Lowe's, Kroger, and Franciscan Health, reinforcing the location as an established retail destination with strong consumer draw.
Investment highlights
100% Occupied Two Nationally Recognized Credit Tenants Fully leased to Tractor Supply Company (NASDAQ: TSCO | BBB S&P) and Ollie's Bargain Outlet two recession-resistant retailers with established national footprints and proven performance in suburban markets.
Built-In Rent Growth Across Both Leases Tractor Supply increases 10% at each option exercise; Ollie's steps up 6% per option providing the investor with contractual NOI growth and an inflation hedge baked into the lease structure.
High-Visibility Location on a Major Retail Corridor Direct exposure to State Road 67 (31,620 VPD) with dense national co-tenancy including Walmart Supercenter, Menards, Meijer, Lowe's, Kroger, and Franciscan Health one of the dominant retail trade areas in the Indianapolis MSA.
New Construction Quality Built 2018 Relatively new asset with long remaining useful life on all major building systems, reducing near-term capital expenditure risk for the investor.
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