Tractor Supply Company 1605 Vicki Dr 21,930 SF 100% Leased Retail Building Grants, NM 87020 $7,084,000 ($323.03/SF)

INVESTMENT HIGHLIGHTS

  • A recently constructed 21,930± sf single-story retail building on a 4.16± acre lot leased to Tractor Supply Company in Grants, NM until Aug 2039
  • Publicly traded company (NASDAQ: TSCO) with a market cap of over $22 billion
  • Net lease with minimal Landlord responsibilities
  • New build to suit Tractor Supply Company’s specs
  • S&P Investment Grade BBB rated with “stable” outlook
  • Tractor Supply’s new Fusion and Garden Center included and a large secured fenced outdoor sales area

EXECUTIVE SUMMARY

Cushman & Wakefield is pleased to present a recently constructed 21,930± square-foot single-story retail building leased to Tractor Supply Company in Grants, NM until August 2038. The single-story concrete block building opened in September 2023 and utilizes the new fusion and outdoor garden center along with a large secured fenced outdoor sales area. Surrounding the building is ample parking on the 4.16± acre site.
The property is located along Vicki Drive immediately adjacent to the on/off ramp for Interstate 40, a major highway, that connects the site to Albuquerque, Amarillo, TX, Oklahoma City, and many more to the east; Flagstaff, AZ, and I-15 to the west. The site has strong demographics with a population of 11,987 and an average household income of $62,189 within five miles. The site is within a commercial corridor around Interstate 40. Tenants in the surrounding area include Walmart, Walgreens, Taco Bell, Subway, Dairy Queen, Dollar Tree, and other national tenants.
Grants, New Mexico is a town in the northwestern part of the state, 78 miles west of Albuquerque on I-40. The town was founded in 1881 as a railroad stop and named after three Canadian brothers who were contractors for the Atlantic and Pacific Railroad. Grants became a booming mining town in the 1950s when a local Navajo shepherd discovered uranium ore. The town’s population grew from about 1,500 in 1950 to over 10,000 in 1960, as miners and their families moved to Grants in search of jobs and prosperity. The town was nicknamed “the uranium capital of the world” and hosted the first atomic museum in the country.
Grants is a town with a rich history and culture, shaped by its diverse ethnic groups, including Native Americans, Hispanics, Anglos, and African Americans. The town’s motto is “Small Town America at Its Best”, reflecting its community and pride.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
21,930 SF
Year Built
2023
Price
$7,084,000
Price Per SF
$323.03
Percent Leased
100%
Building Height
1 Story
  • Listing ID: 32110500

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 1605 Vicki Dr, Grants, NM 87020