Two Tractor Supply Company Stores
Eunice, Louisiana; Marietta, Ohio
The Opportunity: To acquire a STNL property in a strong retail location for syndication to 1031 exchange investors.
Result: Fully subscribed the syndication in less than 30 days, with an attractive initial yield of 5.72%.
Investment Summary
Asset Type: Retail
Asset Size: Tractor Supply Store, Eunice, LA – 19,097 sf;
Tractor Supply Store, Marietta, OH – 21,930 sf
Year of Construction: Tractor Supply Store, Eunice, LA – 2015
Tractor Supply Store, Marietta, OH – 2014
Total Syndication: $4,914,000
Property Highlights
- Acquired at a 6.36% blended initial cap rate
- Strong retail locations under long-term leases to investment-grade tenants
- Obtained attractive 10-year financing
- Successful syndication to 1031 Investor in less than 30 days