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Tractor Supply – Mankato

$ 2,850,000
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45
Sold

Sold – $2,850,000 at a 7.6% Cap Rate.

»» High-Income Area – Median household income in the surrounding area boasts an impressive $99,571

»» Prominent University Presence – Mankato is home to over 47,000 students who attend either South Central College, Bethany Lutheran
College, and Minnesota State University at Mankato

»» Major Retail & Activity Area – The 1-mile radius features over 1 Million square feet of retail space including River Hills Mall, Home Depot,
Target, Menards, Walmart, and Sam’s Club. Additionally, there are 8 primary schools, a movie theater, a golf course, and a hospital network

»» Excellent Intersection Exposure – Property is less than a quarter mile from the intersection of Minnesota State Highways 22 and 3, which
sees over 25,00 vehicles per day in traffic flow

»» Below Market Rent – Tenant is currently paying a very inexpensive $11.29 per square foot

»» Close Proximity to Major Highway– Property is only half a mile from two access points to US-14, which boasts an impressive 40,000
vehicles per Day in traffic flow

»» Rare Building Quality – Building exterior is constructed entirely with high quality concrete, a rarity for Tractor Supply buildings, enabling it to
impressively withstand the test of time

»» Commitment to Location – After the initial 15-year lease, Tractor Supply signed a new 5-year lease extension in 2018, showing commitment
to this location. Three, 5-year options to extend are in place as well

»» Fortune 500 Tenant – Tractor Supply is currently ranked as #391 with a market cap of more than $9B

City:
State/County:
Country: United States
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Property Id : 9658
Price: $ 2,850,000
Property Size: 19 050,00 ft2

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