Cove Tractor Net Lease 60 DST
West Palm Beach MSA, FL
Review in process
|Asset Class:||Single Tenant Net Lease
|Leverage:||0% - All-Cash/Debt-free|
|Location(s):||West Palm Beach MSA, FL
|1031 Exchange Qualified:||Yes|
Tractor Net Lease 60 DST is an all-cash/debt-free offering featuring a brand-new construction (2021) net lease property built-to-suit for Tractor Supply Co. 100%leased and guaranteed by Tractor Supply Company (NASDAQ:TSCO). On a brand new 15-year net lease with built-in rental increases and lease renewal options. The tenant Tractor Supply Co is an investment grade tenant with over 2,000 stores across the US and a BBB credit rating by Standard and Poor’s. Located in the West Palm Beach MSA, the property is in a high traffic location off the North Military Trail which sees over 34,000 vehicles per day. This offering is an all-cash/debt-free DST investment with no risk of a lender foreclosure or need for taking on more debt in future 1031 exchanges.
The city of Riviera Beach is located along the Atlantic shores of southeast Florida in Palm Beach County, just a 10 minute drive north of West Balm Beach. With a population of more than 30,000 residents, Riviera Beach is home to one of the most impressive beaches in the southeastern United States. Riviera Beach is a growing harbor city located along the shores of the Atlantic Ocean in southeast Florida, USA. It is home to the Port of Palm Beach and a United States Coast Guard station, and has its own marina. Riviera Beach is home to Blue Heron Bridge, one of the country's top-rated beach dive sites.
- All-Cash / Debt-Free Offering
- 15 Year Net Lease - Leased through 2037
- 19,097 Square Feet; 100% Occupied
- Tenant Has a $23.8 Billion Dollar Market Cap
- Tenant Credit Rating BBB by Standard and Poor’s
- Directly off North Military Trail which sees over 34,000 VPD
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.