Single-Tenant Retail with Lease
For Sale
Contact for pricing
1207 North Avenue G, Clifton, TX 76634
For sale Tractor Supply property featuring a newly extended 10-year lease and a noted proximity to Dallas.
Property Size22,356 SF
Price / SF$158.03
Days on Market117
Property Features for 1207 North Avenue G
General Information
Standard status
Active
Size
22,356 SF
Total Parking Spaces
63
Property subtype
Retail
Net Operating Income
$203,148
Building Details
Tenancy
Single
Listing Agency:
CBRE - Orange County
Listed By:
David McNevin · License #02101634
(949) 725-8463
Source:
Crexi
Added: May 14
Changed: Sep 4
Last Checked: Sep 5 at 9:06PM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
This for-sale retail property is occupied by Tractor Supply Co. and includes a new 10-year lease extension. The offering is presented with the existing tenant in place, supporting a stabilized single-tenant configuration.
The property is located at 1207 North Avenue G in Clifton, Texas, and the public remarks note it is approximately 90 minutes from Dallas.
With a listed size of 22,356 square feet, the asset is suited for investors or buyers seeking an established retail tenancy under an extended term.
The property is located at 1207 North Avenue G in Clifton, Texas, and the public remarks note it is approximately 90 minutes from Dallas.
With a listed size of 22,356 square feet, the asset is suited for investors or buyers seeking an established retail tenancy under an extended term.
Key Highlights
- Tractor Supply Co. property in Clifton, TX
- New 10‑year lease extension
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$260,512
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,210,240
$5.2M
Cap Rate 7%
$3,721,600
$3.7M
Cap Rate 9%
$2,894,578
$2.9M
Market Conditions
NOI Build-Up for 22,356 SF
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.
Gross rent
$415.8K $18.60/SF
− Vacancy
−$43.7K −$1.95/SF
EGI
$372.2K $16.65/SF
− OpEx
−$111.6K −$4.99/SF
NOI
$260.5K $11.65/SF
Area
Bosque County, TX
Vacancy
10.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,210,240
Cap Rate 7%
$3,721,600
Cap Rate 9%
$2,894,578
Alternative Uses
Best Use
Retail
$3.72M
$3.26M – $4.34M
NOI $260,512 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $412,871 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 76634, TX
7,313
Population
3,660
Households
2
Avg Household Size
52
Median Age
29%
College-Educated
87%
High-School Grad
284.0 sq mi
ZIP Area
26
Density / Sq Mi
$72,654
Median Household Income
$41,075
Median Earnings
$920
Median Rent
$190,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For sale Tractor Supply property featuring a newly extended 10-year lease and a noted proximity to Dallas.
Where is this retail space located?
The property is located at 1207 North Avenue G Clifton, TX.
What is the asking price?
The asking price for this property is $3,533,000.
What are key features of this property?
This property features: Tractor Supply Co. property in Clifton, TX; New 10‑year lease extension
