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Tractor Supply Co | Absolute NNN Corp Lease 4555 16th St 42,914 SF Retail Building Moline, IL 61265 $2,800,000 ($65.25/SF) 5.04% Cap Rate



Investment Highlights
- Tractor Supply Company - Rare Absolute NNN Lease Structure - 100% leased with zero landlord responsibilities, providing truly passive ownership
- S&P 500 Component (NASDAQ: TSCO) - $23.5 Billion Market Cap, 50,000+ Employees, Expanding Company
- Proximity to Quad Cities International Airport - Located within a multi-state (Illinois, Iowa) metro anchored by John Deere (NYSE: DC) Global HQ
- 9 Years of Firm Lease Term Remaining - Long-term, stable income with no near-term rollover risk
- Below-Market Rent - Only Tractor Supply in 47 miles - Low in-place rent supports renewal probability and long-term rent growth potential
- Prime Infill Retail Location - Former Toys "R" Us / Big Lots - Located within a dominant retail corridor rather than a typical tertiary TSC site
Executive Summary
Exclusively Listed in association with Bang Realty-Illinois, Inc. | License No. 471020548
We are pleased to present the opportunity to acquire a single-tenant, fee-simple Tractor Supply in Moline, Illinois, 100% leased on an absolute triple-net (NNN) basis to Tractor Supply Company (NASDAQ: TSCO). The lease provides approximately nine years of firm term remaining and offers truly passive ownership with zero landlord responsibilities, including roof, structure, and capital expenditures.
This offering is differentiated by its rare absolute NNN lease structure for Tractor Supply, a format seldom available within the tenant's portfolio. The property is leased at a below-market rent, supporting tenant retention while providing long-term mark-to-market upside and residual value.
The asset is strategically located at 4555 16th Street within the dominant SouthPark Mall retail corridor, one of the Quad Cities' primary commercial nodes, adjacent to Quad Cities International Airport. Unlike typical Tractor Supply locations in tertiary or edge-of-market settings, this site occupies a prime infill position within an established big-box retail cluster. The property is a former Toys "R" Us / Big Lots, reinforcing long-term viability for national large-format users.
Situated on a 4.04-acre parcel, the property benefits from strong access, visibility, and functionality, with approximately 38,300 VPD at the 16th Street / John Deere Road (IL State Route 5) intersection and immediate proximity to Interstate 74 (39,500 VPD). The surrounding trade area is anchored by SouthPark Mall and national destination retailers including Target, Dillard's, Von Maur, Kohl's, Petco, Petsmart, Planet Fitness, Ollie's, and Dick's Sporting Goods.
Moline is part of the Quad Cities MSA, a diversified regional economy anchored by manufacturing, logistics, healthcare, and John Deere (NYSE: DC) global headquarters, supporting durable long-term retail demand.
This offering represents a rare opportunity to acquire an absolute NNN Tractor Supply asset combining passive cash flow, below-market rent, and high-quality infill real estate within a proven Midwest retail corridor.
We are pleased to present the opportunity to acquire a single-tenant, fee-simple Tractor Supply in Moline, Illinois, 100% leased on an absolute triple-net (NNN) basis to Tractor Supply Company (NASDAQ: TSCO). The lease provides approximately nine years of firm term remaining and offers truly passive ownership with zero landlord responsibilities, including roof, structure, and capital expenditures.
This offering is differentiated by its rare absolute NNN lease structure for Tractor Supply, a format seldom available within the tenant's portfolio. The property is leased at a below-market rent, supporting tenant retention while providing long-term mark-to-market upside and residual value.
The asset is strategically located at 4555 16th Street within the dominant SouthPark Mall retail corridor, one of the Quad Cities' primary commercial nodes, adjacent to Quad Cities International Airport. Unlike typical Tractor Supply locations in tertiary or edge-of-market settings, this site occupies a prime infill position within an established big-box retail cluster. The property is a former Toys "R" Us / Big Lots, reinforcing long-term viability for national large-format users.
Situated on a 4.04-acre parcel, the property benefits from strong access, visibility, and functionality, with approximately 38,300 VPD at the 16th Street / John Deere Road (IL State Route 5) intersection and immediate proximity to Interstate 74 (39,500 VPD). The surrounding trade area is anchored by SouthPark Mall and national destination retailers including Target, Dillard's, Von Maur, Kohl's, Petco, Petsmart, Planet Fitness, Ollie's, and Dick's Sporting Goods.
Moline is part of the Quad Cities MSA, a diversified regional economy anchored by manufacturing, logistics, healthcare, and John Deere (NYSE: DC) global headquarters, supporting durable long-term retail demand.
This offering represents a rare opportunity to acquire an absolute NNN Tractor Supply asset combining passive cash flow, below-market rent, and high-quality infill real estate within a proven Midwest retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
42,914 SF
Building Class
B
Year Built
1978
Price
$2,800,000
Price Per SF
$65.25
Cap Rate
5.04%
NOI
$141,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
4.04 AC
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-16-102-003 | Improvements Assessment | $266,972 |
| Land Assessment | $395,279 | Total Assessment | $662,251 |
Property Taxes
Parcel Number
17-16-102-003
Land Assessment
$395,279
Improvements Assessment
$266,972
Total Assessment
$662,251
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Tractor Supply Co | Absolute NNN Corp Lease | 4555 16th St
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