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Tractor Supply Co- Washington Court House, OH 1650 Columbus Ave

39,858 SF Retail Building Washington Court House, OH 43160 £1,801,590 (£45/SF) 6.60% Net Initial Yield

Investment Highlights

  • Tractor Supply Co. Double-Net Lease with 8.2 Years Remaining in Washington Court House, OH
  • 5.4% Upcoming Rent Increase in June 2025 adds 36 bps to Cap Rate
  • Landlord Acquired Additional 1.37-Acre Land Parcel Adjacent to Building in 2023 & Leased to Tenant for Additional $9,600 Annual Rent
  • Low Rent of Only $3.82/SF; Offered Well-Below Replacement Cost at $58/SF
  • Minimal Landlord Responsibilities – Roof & Structure Only; Tenant Self-Maintains HVAC, Parking Lot, CAM & Insurance, Reimburses Taxes
  • Located Along Columbus Ave – Major Retail Corridor & Primary Arterial with 9,400 VPD; 19,600/5-Mi Population

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
39,858 SF
Building Class
C
Year Built
1974
Price
£1,801,590
Price Per SF
£45
Net Initial Yield
6.60%
NOI
£118,905
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
6.75 AC
Zoning
C
Parking
315 Spaces (7.9 Spaces per 1,000 SF Leased)
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Nearby Major Retailers

Nathan's Famous-delivery Only
Bob Evans Restaurants
Frisch's Big Boy
Fifth Third Bank
U.S. Bank
PNC Bank
Anytime Fitness
The YMCA
Huntington National Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 211-014-100-097-25
  • 211-014-100-097-01
 Improvements Assessment £545,216
Land Assessment £116,853 Total Assessment £662,069

PROPERTY TAXES

Parcel Numbers
Multiple
  • 211-014-100-097-25
  • 211-014-100-097-01
Land Assessment
£116,853
Improvements Assessment
£545,216
Total Assessment
£662,069
(216) 264-2000

Contacts

  • Listing ID: 31535942

  • Date on Market: 17/04/2024

  • Last Updated:

  • Address: 1650 Columbus Ave, Washington Court House, OH 43160

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© 2024 CoStar Group

Tractor Supply Co- Washington Court House, OH | 1650 Columbus Ave
(216) 264-2000 x

Tractor Supply Co- Washington Court House, OH | 1650 Columbus Ave

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Scott Wiles

(216) 264-2000

(216) 264-2000

Erin Patton

(614) 360-9800

(614) 360-9800

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