Marcus & Millichap Sells Retail Building Leased To Tractor Supply Co. In Nixon, Texas
1106 East 2nd Street
Building Size
23,957 SF
Asset Type
Retail
Closing
Oct 17, 2024
AI
A retail building located at 1106 East 2nd Street in Nixon, Texas, totaling 23,957 square feet, has been sold. The property occupies 4.4 acres and is leased to Tractor Supply Co. under a 15-year corporate-guaranteed lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1106 East 2nd Street
- Market: Nixon
- Square Footage: 23,957
- Acres: 4.4
- Seller: A limited liability company
- Brokers: Chris Lind, Mark Ruble, Tim Speck, and Zack House - Marcus & Millichap
The transaction was facilitated by the brokerage Marcus & Millichap, with Zack House, Mark Ruble, and Chris Lind representing the seller. Tim Speck played a role in the successful closing of the deal.
Players
Nixon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93