Dry Good
Tractor SupplyCo - Washington Court House
1650 Columbus Ave, Washington Court House, OH 43160
Listing Price: $2,300,000
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.
Tractor SupplyCo - Washington Court House
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
Dry Good
Tractor SupplyCo - Washington Court House
Listing Price: $2,300,000
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.
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