Listed by CBRE - Orange County
$3,533,000
1207 North Avenue G
Details
Property Type Retail
Sub Type Storefront
Square Footage 22,356
Cap Rate 5.75%
NOI $203,148
Tenancy Single
Rent Bumps Yes
Acreage 2.550
Parking Spaces 63 spaces
Parking Per SqFt 2.82
Ground Lease No
Tractor Supply Co. | Clifton, TX | New 10 Year Lease Extension | 90 Minutes from Dallas
Investment highlights
- Tractor Supply Company (NASDAQ: TSCO) is the largest operator of rural lifestyle stores in America with over 2,435 locations across 49 states.
- Tractor Supply Co. just committed to a ten (10) year lease extension, demonstrating their commitment to their location.
- There are ten (10.0) years remaining on the lease term, plus four (4), five (5) year options.
- The lease structure is double net (NN), with some landlord responsibilities. Please see page 9 for details.
- The lease provides for a 5% rental increase in 2031 and 8% at each option.
- The property is located in an income tax-free state.
- Their three (3) mile demographic ring is projected to experience annual growth of 0.95% over the next five (5) years.
- Tractor Supply is located in the main retail corridor in Clifton, surrounded by retailers including McDonald’s, First National Bank, Brookshire’s, Dollar General, O’Reilly and more.
- The next closest Tractor Supply Co. is 35 miles (40 minutes) away. This location is the only Tractor Supply Co. serving the city of Clifton and surrounding communities.
- Agriculture serves as the economic cornerstone of Bosque County and is defined by a robust combination of livestock ranching and dryland farming supported by the region’s fertile limestone soil and the historic Bosque River bottomlands. This economic hub produces vital commodities like cattle, grain, and pecans for the Central Texas market.
- Clifton, TX is 90 miles (90 minutes) southwest of Dallas, 80 miles (90 minutes) from Fort Worth, and 127 miles (120 minutes) north of Austin.
Listing Contacts
Listed by CBRE - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$203,148.00
$16,929.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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