Tractor Supply Net Leased
1650 Columbus Ave Washington Court House, OH
1650 Columbus Ave, Washington Court House, OH, 00000
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For Sale
Contact for pricing
Single tenant investment opportunity with over 7 years remaining.
Property Size39,858 SF
Lot Size6.75 Acres
Price / SF$64.15
Days on Market488
Property Features for 1650 Columbus Ave
General Information
- Standard status
- Active
- Size
- 39,858 SF
- Lot size
- 6.75 Acres
- Property subtype
- RETAIL
Listing agency
Colliers
(949) 724-5552
Listed by
Jereme Snyder · License #2013002810
(949) 724-5552
Source
Moodyscre
Added: Mar 21, 2025 Updated: Jul 6 at 9:55AM Checked: Jul 21 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers
Investment Insights
Based on property information with market context.
This single-tenant net-leased property in Washington Court House, OH, presents an investment opportunity. The tenant, Tractor Supply Company (NASDAQ: TSCO), holds an investment-grade credit rating of “BBB” from S&P and operates over 2,200 locations across 49 states. With annual sales exceeding $14.8 billion, the company is ranked 293 on the Fortune 500 List. The net lease has over 7 years remaining in the primary term, recently extended, with rent increases scheduled during both the primary term and option periods. Landlord responsibilities are minimal. The tenant took over the Quality Fleet and Farm lease in 2002 and extended their lease in 2020. The property includes a 39,775 SF building on a 6.75-acre parcel. It is located along Columbus Avenue (U.S. Hwy 62), which experiences over 13,300 vehicles per day, and benefits from visibility and accessibility. Nearby retailers include CVS Pharmacy, Walgreens, Ace Hardware, Ollie’s Bargain Market, Bealls Outlet, Save A Lot, McDonald’s, Burger King, and Dairy Queen.
Key Highlights
- Investment grade credit rating of "BBB" from S&P for Tractor Supply Company (NASDAQ: TSCO).
- Net lease with over 7 years remaining in the primary term (recently extended).
- Tenant (Tractor Supply) has a proven track record at this location, taking over the lease in 2002 and extending in 2020.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.6k | $5.76 |
| − Vacancy | −$8.2k | −$0.21 |
| EGI | $221.4k | $5.55 |
| − OpEx | −$66.4k | −$1.67 |
| NOI | $155.0k | $3.89 |
39,858 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.21M
$1.94M – $2.58M
NOI $154,954 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.12M
$9.73M – $12.97M
NOI $778,229 @ 7.0% cap · market cap 30.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Single tenant investment opportunity with over 7 years remaining.
Where is this storefront property located?
The property is located at 1650 Columbus Ave Washington Court House, OH.
What is the asking price?
The asking price for this property is $2,557,000.
What are key features of this property?
This property features: Investment grade credit rating of "BBB" from S&P for Tractor Supply Company (NASDAQ: TSCO).; Net lease with over 7 years remaining in the primary term (recently extended).; Tenant (Tractor Supply) has a proven track record at this location, taking over the lease in 2002 and extending in 2020.
