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33316268
33316267

3728 S Jeffers St, North Platte, NE 69101

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty
$3,024,000
1 day on market
Updated 1 day ago

Recently Extended Tractor Supply Company

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 19,138
Cap Rate 6.60%
NOI $199,357
Tenancy Single
Lease Type NN
Lease Expiration 05/31/2038
Rent Bumps Yes
Price per SqFt $158
Year Built 2008
Acreage 2.820
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 05/22/2008
Ownership Fee Simple

Retail | 6.60% CAP | 19,138 SqFt

Marketing description

This county seat of Lincoln County lies in west-central Nebraska along Interstate 80 at the confluence of the North and South Platte Rivers. It is remembered for the volunteer-run Canteen that served millions of soldiers during World War II. Today, it anchors the surrounding Micropolitan Statistical Area and is experiencing growth through projects like District 177 redevelopment, Cody Park upgrades, and a new airport terminal with expanded housing and business opportunities.

The local economy is anchored by major employers such as Union Pacific Railroad, Great Plains Health, Walmart Distribution Center, and Cabela's, with strong support from retail, education, and agriculture. Together, these industries drive jobs, investment, and growth, making transportation, healthcare, and retail the backbone of the region's economic strength.

The city's culture shines through the Lincoln County Historical Museum and Buffalo Bill Ranch State Historical Park, preserving history and heritage. Annual events like Nebraskaland Days, the Miss Nebraska pageant, and community baseball blend tradition, arts, and entertainment, drawing thousands each year.

Investment highlights

  • Recently Extended Tractor Supply Company in North Platte, NE With 12 Years Remaining on Current Term and 18 Year Operating History at This Location
  • Landlord Friendly NN Lease Featuring Recent Capital Improvements, Including Newly Installed Roof and HVAC Systems, With the Roof Backed by a 20-Year Transferrable Warranty
  • Built-In Rental Growth With 5% Increase in June 2033 and 10% Increase in Remaining Option Period
  • Excellent Visibility and Accessibility Along Hwy 83 With 11,000+ VPD and Strong 5-Mile Trade Area With 25,000+ Residents
  • Corporate Guaranty From Tractor Supply Co. (NASDAQ: TSCO), Investment Grade Credit Tenant - Rated "BBB" by S&P, a Fortune 500 Company (#296) and Rural Retail Leader With $15.5B in 2025 Net Sales and a Market Cap Approaching $24B
  • Tractor Supply's Customer Base of Farmers, Ranchers, and Rural Homeowners is Core to Essential Products and Services, Driving Consistent Same-Store Sales
  • Expansion-Focused Operator With 2,335 Stores Open Nationwide at Year End 2025 and a Long-Term Growth Plan Targeting 3,200 Locations, Reinforcing Tractor Supply's Commitment to Rural and Small Market America

Listing Contacts

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$199,357.00
$16,613.08/mo

Valuation Metrics

0
DSCR
6.59%
Cap Rate
6.59%
ROI

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