TRACTOR SUPPLY ANCHORED CENTER
7.50% CAP | $53.80/SqFt | 49,882 SqFt
Marketing description
Marcus & Millichap is pleased to offer a fully occupied retail center, anchored by Tractor Supply Co. The center has approximately 49,882 square feet and sits on 8.95 acres. The property features an abundance of parking with over 261 surface spaces and four points of ingress/egress. All tenants are on net leases including Family Dollar, which recently expanded its footprint by 2,600-square-feet at the end of 2022. Family Dollar has a notable operating history, having operated at this location since 1998, demonstrating a strong commitment to the site. The property is offered at $53.80 per square-foot, significantly below replacement cost, with Tractor Supply's rent at an incredibly inexpensive $2.27 per square-foot. Additionally, there is an opportunity to add value through developing a 0.93-acre out-parcel.
Investment highlights
- 100% Occupied Retail Center Anchored by Tractor Supply and Family Dollar.
- Family Dollar Recently Expanded its Footprint by 2,600 Square Feet at the End of 2022.
- Offered Significantly Below Replacement Cost at $53.80 per Square Foot.
- Incredibly Inexpensive Rent for Tractor Supply at $2.27 per Square Foot in Addition to a Recent Renewal.
- Opportunity to Add Value Through Developing the 0.93-Acre Lot.
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