Blue West Capital Arranges Sale of Single Tenant Tractor Supply Company in Grand Junction, CO

GRAND JUNCTION, CO – [September 2, 2022] – Blue West Capital has completed the sale of a single tenant net leased Tractor Supply Company property located at 2449 Hwy 6 & 50 in Grand Junction, CO for $5,875,000. This is the second time within the past twelve months Blue West Capital has sold this property.

Brandon Gayeski and Robert Edwards, of Blue West Capital, exclusively represented the seller in this transaction. The Seller was a private REIT. The purchaser was an all-cash 1031 exchange investor based in California.

Tractor Supply Company has operated at the property since 2012 and recently exercised an early ten-year lease extension. The corporate net lease features minimal landlord responsibilities and rental increases. Tractor Supply Company is a publicly traded company (NASDAQ: TSCO) with a market capitalization in excess of $21 billion. Tractor Supply Company is an investment grade rated tenant with a Standard & Poor’s rating of BBB.  The company operates more than 2,000 retail stores.

The 3.90-acre Tractor Supply property is strategically positioned at a signalized intersection along Highway 6 and 50, across the street from the Mesa Mall, the largest mall in Western Colorado. The property is well-positioned within a regional retail destination that also includes Walmart Supercenter, Target, Home Depot, Lowe’s, Sam’s Club, Sprouts, Natural Grocers, and numerous other national retailers. There are approximately 80,000 people living within a five-mile radius of the Tractor Supply.

“Single tenant properties with strong corporate guarantees and irreplaceable real estate are at the forefront of demand amongst net lease and 1031 exchange investors,” stated Brandon Gayeski, Director.

“We worked with buyers from across the country.  Some were more interested in Tractor Supply’s long term net lease while others were more interested in the large 3.89 acres of land in the heart of Grand Junction,” added Robert Edwards, Managing Partner.

About Blue West Capital

Blue West Capital is a net lease real estate investment advisory firm focused on the acquisition and disposition of single-tenant net leased properties, retail shopping centers, and commercial investment properties nationwide. We are a team of commercial real estate experts committed to helping our clients achieve their investment goals through a combination of exceptional client communication, professional collaboration, and individual experience. 

PR Contact

Krissy Simmons
(720) 996-1631
krissy@bluewestcapital.com

GET IN TOUCH