March 1, 2022 – Mike Lombardi, Kyle Danielson and Luke Thomson of Horvath & Tremblay have successfully completed the sale of Tractor Supply Company in Winchester, Virginia. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $5,960,000.
Tractor Supply Company is located at 141 Walmart Drive in Winchester, Virginia. The stand-alone building was constructed in 2021 and consists of 19,097 square feet and sits on a 4.96-acre lot. Tractor Supply Company has 14 years remaining on a long-term, double net (NN) lease with four (4), 5-year renewal options. The corporate lease calls for 5% rent increases at the start of each of the renewal options. The property is well located just off of Northwestern Turnpike (US Route 50) and seconds from the intersection of US Route 50 and VA Route 37, the area’s two primary commercial corridors. The property is an outparcel to a newly developed Walmart Supercenter along with several freestanding pad sites including First Bank, Bank of Clarke County, Dunkin’, IHOP, Applebee’s and Bojangles.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.