6880 Beaman Way Tooele, UT 84074

Property Details for 6880 Beaman Way

Year built

2015

Property size

21,930 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple ownership of a 21,930-square-foot Tractor Supply Company retail store, strategically located at 6880 Beaman Way, Tooele, UT 84074. Built in 2015, this property sits on a 4.04-acre lot (175,982 sq ft) and boasts a prominent corner location at the intersection of Utah State Highway 36 and Utah State Highway 138, experiencing high traffic volume exceeding 58,105 vehicles per day (CoStar 2022 data). The property benefits from a strong, credit-rated corporate tenant with a long-term net lease (NN) in place, minimizing landlord responsibilities to roof, structure, and parking lot. The lease includes a 10% rent increase in March 2025 and provides for subsequent 10% increases every five years throughout the remaining lease term, which includes approximately five years with four five-year options. The average household income within one mile is $104,901. The property's asking price is $5,000,000, translating to $227.99 per square foot and $28.41 per square foot for the land. The robust growth projections for Tooele, Utah (2.1% annual population growth within a five-mile radius over the next five years) further enhance the investment potential. Tractor Supply Company (NASDAQ: TSCO), with a S&P rating of BBB, demonstrates financial strength and stability. This is a rare opportunity to acquire a high-performing, net-leased retail property anchored by a nationally recognized brand in a rapidly growing market.

Location Insight

City

Tooele

County

Tooele

State

Utah

Longitude

-112.29

Latitude

40.6535