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Burley, ID - Tractor Supply
NEC N Miller Ave & W 5th St N | Burley, ID 83318
Price
21,533
± SF Offering GLADescription
SRS Real Estate Partners, LLC in collaboration with NAI Select is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Tractor Supply investment property located in Burley, Idaho. The tenant, Tractor Supply, Inc., recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.
Location
The Tractor Supply is located near the signalized, hard corner intersection of Overland Ave and W 5th N with a combined (63,100 VPD). Overland Ave, is the major retail thoroughfare serving the city of Burley. The Tractor Supply will feature a handful of national/credit tenant outparcels including Burger King, Shell, Jimmy Johns, Arby’s, and more. The asset is adjacent to Rivergate Crossing, a 81,334 square foot Ross anchored center with multiple national tenants such as Ulta, Great Clips, Cricket, Jersey Mike’s, Panda Express, and more. In addition, Tractor Supply is also across from a Walmart Anchored Shopping center, a 163,069 square foot center with other national tenants like Jack in the Box, D.L. Evans Bank, and more. The property is in the center of a primary retail corridor further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 24,731 with an average household income of $83,803.