Tractor Supply Co (Recent 10-Year Extension)

Tractor Supply Co (Recent 10-Year Extension)

Lee’s Summit, MO

Lee’s Summit, MO

Tractor Supply Co (Recent 10-Year Extension)

Offered for sale is a Tractor Supply Co. in Lee’s Summit, Missouri. Tractor Supply recently exercised a 10-year extension of its corporate absolute net lease through September 2035, with a contractual rent increase after year 5 of the extension. Tractor Supply has operated at the location since 2005. The 22,670-square-foot freestanding building is situated on 3.81 acres directly along U.S. Highway 50, which carries approximately 44,470 vehicles per day and serves as a primary east-west route connecting Lee’s Summit with the broader Kansas City metropolitan area. The store recorded approximately 238,100 visits over the trailing 12 months, ranking No. 2 among 69 Tractor Supply locations in Missouri based on foot traffic and in the 84th percentile nationally. The surrounding 10-mile trade area includes 311,325 residents and 123,444 households. David Saverin; Broker of Record; 7800 Forsyth Blvd., Ste. 710, St. Louis, MO 63105; (314) 889-2500; Lic #: 2008013520

Price $6,188,500
Cap Rate 6.25%
Building Size 23,520 sqft
Lot Size 3.81 acres
Year Built 2005
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • 2nd Busiest Tractor Supply Co in Missouri Based on Foot Traffic & 84th Percentile Nationally
  • Recently Exercised 10-Year Extension Through September 2035 | Corporate Absolute Net Lease
  • Large 3.81-Acre Highway Site (44,470 VPD) | 20-Year Operating History
  • Affluent Trade Area | 311,325 Residents and $105,517 Average Household Income (10 Miles)
  • Area Traffic Generators Include Costco, The Home Depot, Price Chopper and Summit Waves
  • Kansas City Commuter Suburb | Approximately 20 Miles from Downtown

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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