TUCSON, ARIZONA, January 13, 2023 – Tractor Supply Store at 1715 West Valencia Road in Tucson sold for $6.7 million ($306 PSF) in a net lease sale to a California-based company, Ingemanson Enterprises. The seller was I.S Corporation of Boca Raton, Florida.
The 21,702-square-foot Tractor Supply store on 2.3 acres was a built-to-suit in 2017 and is the fourth Tractor Supply in metro Tucson with other locations in Catalina, Green Valley and Marana. The store includes a 15,000-square-foot fenced outdoor display area.
Located near the new 104,000-square-foot Fry’s Supermarket along Valencia Road, a major arterial road serving the southwest submarket of Tucson. Neighboring tenants include Walmart Supercenter, Lowe’s and several banks and restaurants. Tractor Supply Company targets ranchers, homeowners, do-it-yourselfers, contractors and trade workers, with its inventory that includes tractor/trailer parts and accessories.
The property had 10 years remaining on the lease with rare 10% rental increases.
The last time if sold was in 2017 for $5.075 million. This latest transaction sold on December 28, 2022, with no brokers involved.
To learn more, see RED Comp #10398.