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Tractor Supply Co | Below Market Rent 414 E Pine St 37,250 SF Retail Building Deming, NM 88030 $3,171,530 CAD ($85.14 CAD/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

8 Years Remaining | Corporate Signed Investment Grade Tenant | Scheduled Rental Increases
Main Retail Corridor of Deming | Nearby National Tenants

NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed (NASDAQ: TSCO), investment grade (S&P: BBB) Tractor Supply investment property located in Deming, NM. There are 8 years left on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Department Store

Building Size

37,250 SF

Building Class

Year Built/Renovated

1971/2023

Price

$3,171,530 CAD

Price Per SF

$85.14 CAD

Cap Rate

5.50%

NOI

$174,490 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.41

Lot Size

2.09 AC

Zoning

C2 - Commercial

Parking

49 Spaces (1.32 Spaces per 1,000 SF Leased)

Frontage

361’ on E Pine St

Corner Lot

Pylon Sign

Retailer
99,999 SF
$9.99
Lorem Ipsum
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Since 1938, Tractor Supply Company has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S. The company's Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.