Log In/Sign Up
Your email has been sent.
Tractor Supply | New, 15-Yr Lease | 5% Bumps 10616 Bald Hill Rd SE 23,486 SF Retail Building Yelm, WA 98597 $13,012,036 CAD ($554.03 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Brand New, 15-Year Lease | 5% Rent Increases every 5 Years | Corporate Signature (Nasdaq: TSCO)
- Adjacent to Signalized, Hard-Corner Intersection (21,800 VPD)
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased Tractor Supply Co. (Nasdaq: TSCO) investment property located in Yelm, Washington. The corporate entity recently signed a 15-year deal, demonstrating their commitment to the site. The lease features scheduled 5% rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The lease is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Tractor Supply Company operates more than 2,400 locations across the United States and continues to perform as the nation’s leading rural lifestyle retailer, reporting strong financial metrics and consistent revenue growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
23,486 SF
Building Class
B
Year Built
2015
Price
$13,012,036 CAD
Price Per SF
$554.03 CAD
Cap Rate
5.50%
NOI
$715,686 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
6.74 AC
Zoning
C-2 - Heavy Commercial
Parking
56 Spaces (2.38 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,323,553 CAD | |
| Land Assessment | $4,096,963 CAD | Total Assessment | $7,420,516 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$4,096,963 CAD
Improvements Assessment
$3,323,553 CAD
Total Assessment
$7,420,516 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Tractor Supply | New, 15-Yr Lease | 5% Bumps | 10616 Bald Hill Rd SE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.