Shawn Johnson 7075281400 x 238

Single Tenant Leased Retail Bldg 1000 American Way 22,670 SF Retail Building Windsor, CA 95492 $7,820,000 ($344.95/SF) 6.22% Cap Rate

EXECUTIVE SUMMARY

This freestanding retail building is 22,670+/- sq. ft. plus a fenced outdoor display area of 19,850+/- sq. ft. and is fully leased to Tractor Supply. The building was constructed for Tractor Supply and was completed in 2009. The building is located in the Conde Lane Business Park in the town of Windsor.
Tractor Supply is planning to invest significantly into this property by enhancing the garden center.

1000 American Way

FINANCIAL SUMMARY (PRO FORMA - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$514,248	$22.68
Other Income	$117,447	$5.18
Vacancy Loss	-	-
Effective Gross Income	$631,695	$27.86
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$145,316	$6.41
Net Operating Income	$486,379	$21.45

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income
Annual	$514,248
Annual Per SF	$22.68

Other Income
Annual	$117,447
Annual Per SF	$5.18

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$631,695
Annual Per SF	$27.86

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$145,316
Annual Per SF	$6.41

Net Operating Income
Annual	$486,379
Annual Per SF	$21.45

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

22,670 SF

Building Class

Year Built

2009

Price

$7,820,000

Price Per SF

$344.95

Cap Rate

6.22%

NOI

$486,379

Tenancy

Single

Building Height

1 Story

Building FAR

0.17

Lot Size

3.05 AC

Zoning

LI - Industrial

Parking

84 Spaces (3.71 Spaces per 1,000 SF Leased)

AMENITIES

Fenced Lot

Signage

MAJOR TENANTS

Retailer
22,670 SF
$1.72
Triple Net
Nov 2028

Since 1938, Tractor Supply Company has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S. The company's Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE		LEASE END
	Retailer	22,670 SF	$1.72	Triple Net		Nov 2028

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
101	Shiloh Rd, SE	75,600	2018	0.39 mi
Redwood Hwy	Shiloh Rd, SE	74,069	2022	0.39 mi
101	-	77,581	2022	0.48 mi
Redwood Highway	-	78,624	2020	0.53 mi
Mitchell Ln	Rafanelli Ln, E	441	2018	0.54 mi
Shiloh Rd	Bus PkCt, W	11,842	2022	0.88 mi
Pleasant Ave	Pleasure Ave, W	1,657	2022	1.12 mi
Aviation Blvd	Day School Pl, SW	10,218	2022	1.17 mi
Redwood Hwy	Hwy 101, NW	89,367	2022	1.18 mi
Redwood Hwy	US Hwy 101, NW	90,390	2020	1.19 mi