Dry Good
Tractor Supply Co | Recent Blend Extend | Pittsburgh, PA MSA | Rare Absolute NNN
640 Galleria Dr, Johnstown, PA 15904
Listing Price: $4,220,000
Investment Overview
The Tenant, Tractor Supply Company, is subject to a rare absolute NNN lease of an established location. Tractor Supply has operated here since 2004. In June 2022, the tenant extended its lease term through 2037 for additional 15 years in exchange for a reduced and replaceable rental rate of $11 PSF. The lease features rental increases of five percent (5%) every five years during the base term, and 10 percent (10%) in each option period.
Broker of Record
Financing By
Dry Good
Tractor Supply Co | Recent Blend Extend | Pittsburgh, PA MSA | Rare Absolute NNN
Listing Price: $4,220,000
Investment Highlights
- Rare Absolute NNN Lease of Established Location
- Recently Extended Term; 15-Years with Increases Every Five Years
- Lower Rental Rate PSF Indicative of Early 2000s Construction
Investment Overview
The Tenant, Tractor Supply Company, is subject to a rare absolute NNN lease of an established location. Tractor Supply has operated here since 2004. In June 2022, the tenant extended its lease term through 2037 for additional 15 years in exchange for a reduced and replaceable rental rate of $11 PSF. The lease features rental increases of five percent (5%) every five years during the base term, and 10 percent (10%) in each option period.
Broker of Record
Financing By
