The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant net leased Tractor Supply Company located at 825 US Highway 287 in Lafayette, Colorado for $6,800,000.<\/p>\n
The 21,930 square foot net leased Tractor Supply building benefits from its location just off of North 107th<\/sup> Street (61,900 VPD), which is a primary north-south thoroughfare in the area. Tenants in the area include Walmart Supercenter, Kohl\u2019s, Bank of America, Murphy USA, Walgreens, Advance Auto Parts, Sherwin-Williams, and more. There are 166,459 people living within five miles of the property earning an average income of $139,592. The property is only 10 miles east of Boulder, Colorado as well.<\/p>\n Based in Nashville, Tennessee, Tractor Supply Company is the largest retail farm and ranch store chains in the U.S. Tractor Supply Company operates over 1,944 stores in 49 states, focused on supplying the lifestyle needs of recreational farmers and ranchers. It also serves the maintenance needs of those who enjoy the rural lifestyle as well as tradesmen and small businesses. Located in towns outlying major metropolitan markets and rural communities, Tractor Supply stores offer a comprehensive selection of merchandise.<\/p>\n Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction who was in a 1031 exchange and based in California.\u00a0 The seller was represented by Andrew Bogardus of Cushman and Wakefield.<\/p>\n \u201cSingle tenant new construction properties with long term leases are the most sought-after net lease products\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cThe property\u2019s position within the retail trade corridor made this an attractive acquisition and the Denver MSA is one of the most active markets.\u201d<\/p>\n