1605 Vicki Dr Grants, NM 87020

This exceptional investment opportunity presents a newly constructed, 21,930-square-foot retail building in Grants, New Mexico, leased to Tractor Supply Company (TSCO) under a net lease. The property, situated on a 4.16-acre lot, boasts a prime location adjacent to Interstate 40's on/off ramp, ensuring high visibility and accessibility. Built in 2023, the single-story concrete block structure incorporates Tractor Supply's innovative Fusion and outdoor garden center design, along with a large secured outdoor sales area. Ample parking is available on-site. The 16-year lease, commencing September 1, 2023, and expiring August 31, 2039, includes four 5-year renewal options with 5% rent bumps each. The tenant, a publicly traded company with a strong credit rating, provides a corporate guarantee. The property benefits from its location within a thriving commercial corridor near other national retailers such as Walmart, Walgreens, and Dollar Tree, serving a population of 11,987 within a five-mile radius with an average household income exceeding $62,000. This presents a compelling investment with significant long-term potential, offering a stable income stream and minimal landlord responsibilities. The asking price is $7,084,000, resulting in a price per square foot of $323.03. The property's strategic location and strong tenant provide a secure and attractive investment opportunity.