TMO has just closed on the sale of a NNN property in Fayetteville, NC that is net leased to Tractor Supply Company. The sale price was just over $3.2M nearing an 8% cap rate. TMO represented the buyer who is a private investor. The seller was represented by Brad Moulder and Ryan Butler of Stan Johnson Company (fellow CCIM's).
The property is leased on an absolute net basis to TSC for another 10 years ensuring a long term passive investment for the owner. Tractor Supply Company is an operator of retail farm and ranch stores in the United States. As of December 25, 2010, the Company operated 1,001 retail farm and ranch stores in 44 states and had sales over $3B.
TMO provides clients with passive investment opportunities like this around the U.S. Net leased properties give investors peace of mind, long term stable cash flows with very low risk.
Contact TMO for a free investment evaluation via email or toll free at 1.866.539.1777
You can see all the pictures of the property on TMO's flickr stream.