Agree Central LLC Acquires Tractor Supply Co.'s 6-Acre Property In Hamburg For $5.98M
4484 Southwestern Blvd Hamburg, NY 14075, USA
$5,980,000
Building Size
—
Asset Type
Retail
Closing
Aug 15, 2023
About this deal
AI
Tractor Supply Co.'s Hamburg store in New York has a new landlord as Tractor Supply Co. Northeast LLC sells its 6-acre retail property located at 4484 Southwestern Blvd to Agree Central LLC, an affiliate of Michigan-based Agree Realty. The transaction was valued at $5.98 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,980,000
- ACRES: 6
- Address: 4484 Southwestern Blvd, Hamburg
Agree Central LLC, the buyer in the deal, is an affiliate of Agree Realty, a real estate investment trust (REIT) based in Michigan. Tractor Supply Co. Northeast LLC, the seller, is a subsidiary of Tractor Supply Co. The sale provides Agree Central LLC with ownership of the Tractor Supply Co. property in Hamburg.
On the Map
$5,980,000
Retail
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Hamburg Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.65%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93