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Classic Auction - Retail

Two Tenant Tractor Supply Center | 100% Occupied | $220K NOI

1202 4th Avenue South, Wahpeton, ND 58075

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 3.96 Acres
  • Year Built
  • 1971
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Dec 20, 2021
  • Retail Type
  • Community Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Tractor Supply
  • Property Size
  • 40,929 Sq Ft

Two Tenant Tractor Supply Center | 100% Occupied | $220K NOI

Investment Highlights

  • NOI: $220,536.45
  • 100% occupied national center with Tractor Supply occupying 65% of the property
  • Two tenant center providing ease of operation and long-term stability
  • Long lease terms with Tractor Supply having 5 years remaining and 2 Of A Kind having 10 years remaining
  • 4 acres with outparcel opportunity to develop in front of Tractor Supply
  • Grocery shadow anchor being adjacent to Econofoods, a chain of 142 supermarkets across 9 states
 

Offering Details

Brookwood Capital Advisors and RI Marketplace are pleased to present a Two Tenant Tractor Supply Center (the "Property"), a 40,929 square foot retail opportunity in Wahpeton, North Dakota. The Property is fully occupied with a Tractor Supply anchor tenant that makes up 65% of the Property with a lease term through June 30th, 2027. Alternatively, 2 Of A Kind Shoppe & Liquidation is a new tenant with a lease term that started on October 25th, 2021, which will be active through May 1st, 2032. Collectively, the two tenants yield the Property $220,536.45 in net operating income (NOI). Adjacent to the Property is a grocery shadow anchor (Econofoods) with a chain of 142 supermarkets located across 9 states that serves a significant role in driving traffic to the premise. In addition to the offering, 4 acres in front of Tractor Supply is available for new ownership to build upon to maximize the value of this investment opportunity. 

Wahpeton is a city in Richland County in southeast North Dakota. It is home to the Bois de Sioux Golf Course, the nation’s only golf course with half the course in one state and half in another. Near the golf course is Chahinkapa Park, which houses playgrounds, baseball, softball, football fields, and tennis. Chahinkapa Park is also home to Chahinkapa Zoo. Chahinkapa Zoo is a 29-acre zoo and is the first zoo built in North Dakota. It is open May through October and by appointment during the winter. It features over 200 animals ranging from gibbon apes to Bengal tigers and White rhinos. Additionally, the North Dakota State College of Science is located in Wahpeton and has over 3,000 enrolled students. The world’s largest catfish can also be found in Wahpeton. It is 40 feet long and weighs 5,000 pounds.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Cary M. Aasness

    c/o Fisher Auction Company Inc.

    License: 503