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300 Savage Ave 39,410 SF Retail Building Lamar, CO 81052 $4,627,228 CAD ($117.41 CAD/SF)
INVESTMENT HIGHLIGHTS
- BRAND NEW 15 YEAR LEASE
- ONLY TSC LOCATION IN 100 MILE RADIUS
- NATIONALLY RECOGNIZED TENANT
- 5% RENT INCREASES EVERY 5 YEARS
EXECUTIVE SUMMARY
The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest of the Tractor Supply property located at 300 Savage Ave, Lamar, CO (“Subject Property”). The subject property is a single tenant retail asset consisting of a 40,522 square-foot building with an additional 15,000 square-foot outdoor storage area that sits on approximately 4.6 acres.
Tractor Supply Company has occupied the building since 2015 and has recently executed an early lease extension resetting the base lease to a new 15-year term, showcasing their commitment to this location. The net lease features minimal landlord responsibilities, 5% rent escalations every 5 years, and four 5-year options providing investors superior risk adjusted yields, and protection against inflation.
The city of Lamar, CO is in Prowers County which is a growing and diverse farming and ranching community. This Tractor Supply property serves a large regional consumer base beyond the city and county lines, being the only location within a 100-mile radius. With over 1,764 farms and ranches in Prowers & surrounding counties, Tractor Supply is ideally positioned to succeed here long term, which is further demonstrated by their early lease extension.
Tractor Supply Company has occupied the building since 2015 and has recently executed an early lease extension resetting the base lease to a new 15-year term, showcasing their commitment to this location. The net lease features minimal landlord responsibilities, 5% rent escalations every 5 years, and four 5-year options providing investors superior risk adjusted yields, and protection against inflation.
The city of Lamar, CO is in Prowers County which is a growing and diverse farming and ranching community. This Tractor Supply property serves a large regional consumer base beyond the city and county lines, being the only location within a 100-mile radius. With over 1,764 farms and ranches in Prowers & surrounding counties, Tractor Supply is ideally positioned to succeed here long term, which is further demonstrated by their early lease extension.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
39,410 SF
Building Class
B
Year Built
1985
Price
$4,627,228 CAD
Price Per SF
$117.41 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
3.96 AC
Opportunity Zone
Yes
Frontage
453’ on Savage Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2000-10-011 | Improvements Assessment | $597,328 CAD |
| Land Assessment | $159,694 CAD | Total Assessment | $757,022 CAD |
PROPERTY TAXES
Parcel Number
2000-10-011
Land Assessment
$159,694 CAD
Improvements Assessment
$597,328 CAD
Total Assessment
$757,022 CAD
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300 Savage Ave
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