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- LoopNet Team
91 W Pine Lake Dr
Newaygo, MI 49337
Tractor Supply Co. · Retail Property For Sale
Investment Highlights
- Newly Renovated Site; Opened June 2020
- NNN Lease Structure (Landlord Responsible for Maintaining Roof, Structure and Parking Lot)
- 1,845+ Store Locations Nationally with +/- $8.35B in Annual Revenues (2019) (NASDAQ: TSCO)
- Strong In-Place NOI with a contractual increase in Year 6 During the Current Term
- L-T Lease in Place for Tractor Supply through 2030
Property Facts
About 91 W PINE LAKE DR , NEWAYGO, MI 49337
NAI Farbman is pleased to offer an opportunity for investors to acquire a single tenant, Tractor Supply Co. (the “Property”), a NNN 10-year lease with a strong credit-worthy tenant in Newaygo, MI. The +/-34,866 square foot building is currently 100% occupied with long term tenancy through 2030. Newaygo is a rural city on the West side of the state of Michigan which is the ideal location for Tractor Supply. It is located approximately 30 miles from Grand Rapids, MI. The Property is located just off of 82nd Street alongside other national retailers including Family Dollar, Save a Lot, O'Reilly Auto Parts, Wendy’s McDonalds, and Burger King. This opportunity provides stable cash flow to a passive investor with strong credit.
Property Taxes
| Parcel Number | 19-30-130-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,083,700 |
Property Taxes
