Single-Tenant Tractor Supply Net
For Sale
Contact for pricing
501 Oak Mountain Trail, Pelham, AL 35124
Fee-simple Tractor Supply on a 4.08-acre parcel, built 2023, leased under a net lease through 2043.
Property Size21,930 SF
Lot Size4.08 Acres
Price / SF$283.11
Days on Market98
Property Features for 501 Oak Mountain Trail
General Information
Standard status
Active
Size
21,930 SF
Lot size
4.08 Acres
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$357,000
Building Details
Year Built
2023
Units
1
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
Listed By:
Gill Warner · License #OK 131858
(918) 494-2690
Source:
Crexi
Added: Jul 17
Changed: Oct 14
Last Checked: Oct 20 at 7:12PM
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 Northmarq - Tulsa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Northmarq presents a fee-simple interest in a single-tenant Tractor Supply retail property. The building totals approximately 24,191 square feet and was originally built in 2023. The site is leased to Tractor Supply Company under a net lease structure. The landlord’s responsibilities are limited to the roof, structure, and parking lot.
The lease commenced in March 2023 and runs through March 2043, with four additional five-year renewal options. Tractor Supply Company is responsible for operating expenses, including CAM, taxes, insurance, and utilities. The current term supports a long-duration, largely passive ownership profile.
The property is located at 501 Oak Mountain Trail in Pelham, Alabama.
The lease commenced in March 2023 and runs through March 2043, with four additional five-year renewal options. Tractor Supply Company is responsible for operating expenses, including CAM, taxes, insurance, and utilities. The current term supports a long-duration, largely passive ownership profile.
The property is located at 501 Oak Mountain Trail in Pelham, Alabama.
Key Highlights
- Single‑tenant Tractor Supply on a 4.08‑acre parcel at 501 Oak Mountain Trail, Pelham, AL 35124
- Approximately 24,191 SF retail space built in 2023
- Net lease guaranteed by Tractor Supply Company
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,548
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,130,960
$4.1M
Cap Rate 7%
$2,950,686
$3.0M
Cap Rate 9%
$2,294,978
$2.3M
Market Conditions
NOI Build-Up for 21,930 SF
Gross rent
$329.0K $15.00/SF
− Vacancy
−$33.9K −$1.55/SF
EGI
$295.1K $13.46/SF
− OpEx
−$88.5K −$4.04/SF
NOI
$206.5K $9.42/SF
Area
Shelby County, AL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,130,960
Cap Rate 7%
$2,950,686
Cap Rate 9%
$2,294,978
Alternative Uses
Best Use
Retail
$2.95M
$2.58M – $3.44M
NOI $206,548 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.15M
$4.50M – $6.01M
NOI $360,319 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Home Improvements & Furnishings 13%
O'Reilly Auto Parts
Shops & Services
3,233 visits/mo
0.5 miles
U-Haul Moving & Storage at Pelham
Shops & Services
2,217 visits/mo
0.5 miles
Express Oil Change
Shops & Services
1,174 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
996 visits/mo
0.4 miles
Demographics for 35124, AL
25,667
Population
10,207
Households
2.5
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
603
Density / Sq Mi
$91,513
Median Household Income
$50,970
Median Earnings
$1,575
Median Rent
$282,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Fee-simple Tractor Supply on a 4.08-acre parcel, built 2023, leased under a net lease through 2043.
Where is this retail space located?
The property is located at 501 Oak Mountain Trail Pelham, AL.
What is the asking price?
The asking price for this property is $6,208,696.
What are key features of this property?
This property features: Single‑tenant Tractor Supply on a 4.08‑acre parcel at 501 Oak Mountain Trail, Pelham, AL 35124; Approximately 24,191 SF retail space built in 2023; Net lease guaranteed by Tractor Supply Company
