Tractor Supply | Owensville, MO
6.50% CAP | 37,895 SF | Recent Long Term Extension
Marketing description
Atlantic Capital Partners has been exclusively engaged in soliciting offers for the sale of this Tractor Supply Company located in Owensville, MO. The 37,895 SF asset sits atop 5.97 acres and is positioned with excellent frontage along Highway 28, the major roadway into downtown Owensville. The offering is complemented by a strong-performing location for the store, with 2023 reported sales of $4.3M, equating to a 2.8% Rent-to-Sales ratio.
Located at 1208 Highway 28, Tractor Supply has been operating at this location for over seventeen years. The initial 10-year lease was signed in 2007 and rent commenced in February 2008. Tractor Supply extended their base term by ten years in 2017 and recently extended their base term again by 10 years, providing them with term through January 2038. Tractor Supply is currently paying $122,211 and features a 5% rent increase in January 2030 with 10% rent increases every 5 years thereafter.
Investment highlights
Strong Commitment from Tenant
Tractor Supply Co. extended their base term for an additional ten years, providing term through January 2038, showing the tenant’s dedication to the site
Attractive Lease Fundamentals
Over 12 years of term remaining with a 5% rent increase in 2030 and 10% rental increases every 5 years thereafter
Proven & Reported Sales
Extremely low 2.8%Rent-to-Sales Ratio with Strong reported sales of$4.3M in 2023
Minimal Landlord Responsibilities
NN Lease calls for minimal landlord responsibilities limited to only Roof &Structure
Corporate Guaranty
Tractor Supply Co (NASDAQ:TSCO) has over 2,400 locations across the US with $14.88B in Revenue for 2024
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