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Dry Good

Tractor SupplyCo - Washington Court House

1650 Columbus Ave, Washington Court House, OH 43160

Listing Price: $2,300,000

Cap Rate
6.60%
Tenant Name
Tractor Supply Co
Years Remaining On Lease
8.0
Gross SF
39,775
Guarantor
No Guarantee
Rentable SF
39,775
Price/Gross SF
$57.83
Lease Type
Double Net
Rent Per Square Feet
$3.82

Investment Overview

Tractor Supply Co. double-net Lease with 8.2 years remaining in Washington Court House, Ohio. Large 39,775 square foot building on oversized 6.75-acre parcel with ample parking; strong intrinsic value in the real estate. Tenant has indicated strong likelihood of major store upgrades (FUSION Project) and addition of gard center (sided-lot project) in the new future. Located along Columbus Avenue, major retail corridor and primary arterial with 9,400 vehicles per day.

Investment Highlights

  • Tractor Supply Co. Double-Net Lease with 8.2 Years Remaining in Washington Court House, Ohio
  • Low Rent of Only $3.82 per Square Foot; Offered Well-Below Replacement Cost at $54 per Square Foot
  • 5.4 Percent Upcoming Rent Increase in June 2025 Adds 36 bps to Cap Rate
  • Additional 5.7 % Rent Increase in June 2030 Adds another 40 bps to Cap Rate; +75 bps Total by End of Current Term
  • Tenant Relocated to Subject Property from Another Site in Market Back in 2022; 22-Years of History at Site and Multiple Extensions
  • Minimal Landlord Responsibilities – Roof and Structure Only; Tenant Self-Maintains HVAC, Parking Lot, Common Area Maintenance and Insurance, Reimburses Taxes
  • Situated Amongst a Variety of Cross-Traffic Driving National Retailer Including Bealls, Ollie's Bargain Outlet, Roses, Harbor Freight, Dollar Tree, AutoZone, Dollar General, Advance Auto, and More
  • Adjacent to Adena Fayette Medical Center – Busy Regional Hospital

Exclusively Listed By

Financing By

Dry Good

Tractor SupplyCo - Washington Court House

Listing Price: $2,300,000

Cap Rate
6.60%
Tenant Name
Tractor Supply Co
Years Remaining On Lease
8.0
Gross SF
39,775
Guarantor
No Guarantee
Rentable SF
39,775
Price/Gross SF
$57.83
Lease Type
Double Net
Rent Per Square Feet
$3.82

Investment Highlights

  • Tractor Supply Co. Double-Net Lease with 8.2 Years Remaining in Washington Court House, Ohio
  • Low Rent of Only $3.82 per Square Foot; Offered Well-Below Replacement Cost at $54 per Square Foot
  • 5.4 Percent Upcoming Rent Increase in June 2025 Adds 36 bps to Cap Rate
  • Additional 5.7 % Rent Increase in June 2030 Adds another 40 bps to Cap Rate; +75 bps Total by End of Current Term
  • Tenant Relocated to Subject Property from Another Site in Market Back in 2022; 22-Years of History at Site and Multiple Extensions
  • Minimal Landlord Responsibilities – Roof and Structure Only; Tenant Self-Maintains HVAC, Parking Lot, Common Area Maintenance and Insurance, Reimburses Taxes
  • Situated Amongst a Variety of Cross-Traffic Driving National Retailer Including Bealls, Ollie's Bargain Outlet, Roses, Harbor Freight, Dollar Tree, AutoZone, Dollar General, Advance Auto, and More
  • Adjacent to Adena Fayette Medical Center – Busy Regional Hospital

Investment Overview

Tractor Supply Co. double-net Lease with 8.2 years remaining in Washington Court House, Ohio. Large 39,775 square foot building on oversized 6.75-acre parcel with ample parking; strong intrinsic value in the real estate. Tenant has indicated strong likelihood of major store upgrades (FUSION Project) and addition of gard center (sided-lot project) in the new future. Located along Columbus Avenue, major retail corridor and primary arterial with 9,400 vehicles per day.

Exclusively Listed By

Financing By

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