Tractor Supply | New 20yr Corp NNN | S&P: BBB
23,729 SF | 4-Star Retail Building | Fresno, CA 93727 | $9,350,000 ($394/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $9,350,000
- Property Type
-
Retail
- Square Feet
- 23,729 SF
- Price / Square Foot
- $394
Listing Contacts
Ryan Tomkins
Verified Profile
- Property Info
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, newly constructed, investment grade (S&P: BBB), corporate guaranteed, Tractor Supply investment property located in Fresno, CA. The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities, making it an ideal investment opportunity for a passive investor.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Storefront, Warehouse
- Lot Size (sq. ft)
- 123,275 SF
Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Corporate Guaranty | Investment Grade Tenant (S&P: BBB)
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities | Brand New 2024 Construction
- Incoming 2,600,000+ SF Mixed-Used Development | 740 Residential Units | National/Credit Tenant Presence
- Located Along E. Kings Canyon Road (24,600+ VPD) | Near Signalized, Hard Corner Intersection (68,700+ VPD)
- Adjacent to High Performing Vons and FoodMaxx (1.9M+ Visitors) | Encompassed by Residential Complexes
- Fresno CA | Strong Demographics In 5-Mile Trade Area
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