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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

Cap Rate
5.00%
Tenant Name
Tractor Supply Company
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
18,984
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.13

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.

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

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Dry Good

Tractor Supply Co | Recent Blend Extend | Pittsburgh, PA MSA | Rare Absolute NNN

Listing Price: $4,220,000

Cap Rate
5.00%
Tenant Name
Tractor Supply Company
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
18,984
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.13

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

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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