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2400 N 4th St 22,950 SF Retail Building Red Oak, IA 51566 $2,080,000 ($90.63/SF) 7.25% Cap Rate
Investment Highlights
- Low Price Point Tractor Supply Co
- Two 5-Year Options to Renew at the great of current rent or a 5-year CPI
- Fortune 500 & National Credit Tenant
Executive Summary
NAI Heartland is pleased to present a 22,950 SF, free-standing Tractor Supply located in Red Oak, Iowa. The tenant, Tractor Supply (TSC) is ranked #296 on the Fortune 500 list and is a nationally credited tenant. TSC has two 5-year options to renew at the greater of current rent or a 5-year CPI.
Tractor Supply currently operates over 2,400 stores with plans to open an additional 100 stores in 2026. The company is aiming for 3,200 locations across 49 states by 2030.
This is an ideal opportunity for an investor to purchase an income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures including the roof, structure & HVAC.
Tractor Supply currently operates over 2,400 stores with plans to open an additional 100 stores in 2026. The company is aiming for 3,200 locations across 49 states by 2030.
This is an ideal opportunity for an investor to purchase an income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures including the roof, structure & HVAC.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,950 SF
Building Class
B
Year Built
2008
Price
$2,080,000
Price Per SF
$90.63
Cap Rate
7.25%
NOI
$150,795
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
3.71 AC
Frontage
160’ on North 4th Street
Nearby Major Retailers
Property Taxes
| Parcel Number | 600-62-11-260040-00 | Improvements Assessment | $1,490,750 |
| Land Assessment | $77,780 | Total Assessment | $1,568,530 |
Property Taxes
Parcel Number
600-62-11-260040-00
Land Assessment
$77,780
Improvements Assessment
$1,490,750
Total Assessment
$1,568,530
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2400 N 4th St
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