1795 3rd St SE
Springhill, LA 71075
Tractor Supply · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
19,097 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
4.14 AC
Zoning
R-2 Residential
Parking
89 Spaces (4.66 Spaces per 1,000 SF Leased)
ABOUT 1795 3RD ST SE , SPRINGHILL, LA 71075
Tractor Supply (“Property”) is a 19,097-square foot, freestanding retail asset located at the northeast corner of Main Street and Gaisser Street in Springhill, Louisiana. The Property sits on approximately 4.146 acres and sits across from a Walmart Supercenter. The Property is subject to a 15-year, corporate guarantee triple net lease. The lease has five percent rent increases every five years, and tenant has four, five-year renewal options all with increases. The landlord is responsible for the roof and structure; however, the property is new construction (built in 2017).
PROPERTY TAXES
| Parcel Number | 125301 | Improvements Assessment | $144,380 |
| Land Assessment | $5,500 | Total Assessment | $149,880 |
