For Sale
$5,000,000

6880 Beaman Way Tooele, UT 84074

Utah Fee Simple, Net Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fee-simple ownership of a 21,930-square-foot Tractor Supply Company retail store, strategically located at 6880 Beaman Way, Tooele, UT 84074. Built in 2015, this property sits on a 4.04-acre lot (175,982 sq ft) and boasts a prominent corner location at the intersection of Utah State Highway 36 and Utah State Highway 138, experiencing high traffic volume exceeding 58,105 vehicles per day (CoStar 2022 data). The property benefits from a strong, credit-rated corporate tenant with a long-term net lease (NN) in place, minimizing landlord responsibilities to roof, structure, and parking lot. The lease includes a 10% rent increase in March 2025 and provides for subsequent 10% increases every five years throughout the remaining lease term, which includes approximately five years with four five-year options. The average household income within one mile is $104,901. The property's asking price is $5,000,000, translating to $227.99 per square foot and $28.41 per square foot for the land. The robust growth projections for Tooele, Utah (2.1% annual population growth within a five-mile radius over the next five years) further enhance the investment potential. Tractor Supply Company (NASDAQ: TSCO), with a S&P rating of BBB, demonstrates financial strength and stability. This is a rare opportunity to acquire a high-performing, net-leased retail property anchored by a nationally recognized brand in a rapidly growing market.

Highlights

  • 10% rent increase in March 2025.
  • Rare signalized corner lot.
  • Triple-Net (NNN) lease; Landlord responsible for roof, structure, and parking lot.
  • High-traffic location: ~58,105 vehicles per day (VPD, CoStar 2022).
  • High average household income: $104,901 (within 1 mile).
  • 21,930 SF building on a 4.04-acre lot.

Property Details for 6880 Beaman Way

Property type
Retail properties, Grocery and convenience stores
Square Feet
21,930 SF
Year Built
2015

Location Insight

City
Tooele
County
Tooele
State
Utah
Latitude
40.653471537505
Longitude
-112.2902577708

FAQs

What type of property is this?
Retail property - Utah Fee Simple, Net Lease, Strong Tenant
Where is the retail property located?
The property is located at 6880 Beaman Way Tooele, UT.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 10% rent increase in March 2025.; Rare signalized corner lot.; Triple-Net (NNN) lease; Landlord responsible for roof, structure, and parking lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6880 Beaman Way
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