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Tractor Supply Bldg. Sells for $3.5M

Private Investors Acquire Double-Net Leased Bldg.
October 7, 2009
Private Investors purchased the Tractor Supply Co. building located at 4037 Jandy Blvd. in Nazareth, PA, from a private seller for $3.5 million or about $183 per square foot.

The 19,097-square-foot building, built-to-suit Tractor Supply, was constructed this year on 3.7 acres. Tractor Supply has executed a 15-year, double-net lease with 10 percent rent increases every 5 years.

Mark Taylor, Dean Zang and Christopher Munley of Marcus & Millichap's Philadelphia office represented the seller. Seth Pollack of Marcus & Millichap's Northern New Jersey office represented the buyers.

Please refer to CoStar COMPS #1784244 for more information on this transaction.
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