Listed by NAI Heartland
$1,885,000
Tractor Supply - 2400 N 4th St
Details
Property Type Retail
Sub Type Retail
Square Footage 22,950
Cap Rate 8.00%
NOI $150,795
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 06/30/2029
Rent Bumps Yes
Lease Options Two 5-Year Options to Renew at the greater of current rent or a 5-year CPI
Year Built 2008
Year Renovated 2023
Acreage 3.710
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/05/2009
Retail | 8.00% CAP | 22,950 SqFt
Marketing description
NAI Heartland is pleased to present a 22,950 SF, free-standing Tractor Supply located in Red Oak, Iowa. The tenant, Tractor Supply (TSC) is ranked #296 on the Fortune 500 list and is a nationally credited tenant. TSC has two 5-year options to renew at the greater of current rent or a 5-year CPI.
Tractor Supply currently operates over 2,400 stores with plans to open an additional 100 stores in 2026. The company is aiming for 3,200 locations across 49 states by 2030.
This is an ideal opportunity for an investor to purchase an income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures including the roof, structure & HVAC.
Investment highlights
- Low Price Point Tractor Supply Co
- Fortune 500 & National Credit Tenant
- Two 5-Year Options to Renew at the greater of current rent or a 5-year CPI
- 5 Mile Average Household Income exceeds $80,000
- Red Oak has a Population of more than 6,000 People
Listing Contacts
Listed by NAI Heartland
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$150,794.52
$12,566.21/mo
Valuation Metrics
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DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
C-1 CommercialSpecial CommercialHighway Commercial
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View all 34 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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