1605 Vicki DrGrants, NM 87020

For Sale
$7,084,000

Grants, NM Retail Property - Strong Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a newly constructed, 21,930-square-foot retail building in Grants, New Mexico, leased to Tractor Supply Company (TSCO) under a net lease. The property, situated on a 4.16-acre lot, boasts a prime location adjacent to Interstate 40's on/off ramp, ensuring high visibility and accessibility. Built in 2023, the single-story concrete block structure incorporates Tractor Supply's innovative Fusion and outdoor garden center design, along with a large secured outdoor sales area. Ample parking is available on-site. The 16-year lease, commencing September 1, 2023, and expiring August 31, 2039, includes four 5-year renewal options with 5% rent bumps each. The tenant, a publicly traded company with a strong credit rating, provides a corporate guarantee. The property benefits from its location within a thriving commercial corridor near other national retailers such as Walmart, Walgreens, and Dollar Tree, serving a population of 11,987 within a five-mile radius with an average household income exceeding $62,000. This presents a compelling investment with significant long-term potential, offering a stable income stream and minimal landlord responsibilities. The asking price is $7,084,000, resulting in a price per square foot of $323.03. The property's strategic location and strong tenant provide a secure and attractive investment opportunity.

Highlights

  • Newly constructed 21,930 SF retail building on a 4.16-acre lot in Grants, NM, leased to Tractor Supply Co. (TSCO) until August 2039.
  • Built to Tractor Supply's specifications.
  • Investment-grade tenant (TSCO), publicly traded with a strong credit rating.
  • Net lease with minimal landlord responsibilities.
  • Single-story building featuring Tractor Supply's Fusion and Garden Center designs, plus a large secured outdoor sales area.
  • Large 4.16-acre lot.

Property Details for 1605 Vicki Dr

Property type
Other retail properties, Retail properties
Square Feet
21,930 SF
Year Built
2023
Lot Size (sq. ft)
181,210 SF

Location Insight

City
Grants
County
Cibola
State
New Mexico
Latitude
35.1275716
Longitude
-107.8252886
1605 Vicki Dr, Grants, New Mexico

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1605 Vicki Dr
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