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Views: 20 DOM: 57 Updated: 05.07.24 Posted: 03.21.24 Status: Active

Summary

Price $6,164,000
Built/Renov 2024
Tenant Tractor Supply Company
Cap Rate 6.15%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 23,957
Lease Start 07-01-2024
#Units 2,091
Price/SF $257.29
Expiration 07-01-2039
Tenant Type General Retail
NOI $379,100
R. Term 15.1
Ownership Fee Simple
Rent/SF $15.82
Increases 5.0%/5/yrs
Pop 5Mi 3,052
Lot/AC 4.42
Options 4/5yrs/5%
AHHI 5Mi $63,730

Lease Highlights

  • Brand-new 2024 construction
  • Tractor Supply Company will be executing a brand-new 15-year lease with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on Central Ave/Hwy-87, with access to 7,000 vehicles passing by daily. The immediate trade area is surrounded by well-known national tenants including General, Dairy Queen, Circle K, Ford, and more. Within a mile radius are community educational institutions such as Nixon-Smiley Middle School and Nixon-Smiley High School. The 5-mile trade area is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Tractor Supply Company (also known as TSCO or TSC), founded in 1938, is an American retail chain of stores that sells products for home improvement, agriculture, lawn and garden maintenance,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,883 2,714 3,076
2023 Total Population : 1,853 2,679 3,036
2023 Employed Civilian Pop : 872 1,266 1,420
2023 Total Businesses : 59 73 75
2023 Average Household Income : $ 75,136 $ 76,151 $ 76,273
2023 Total Consumer Spending : $ 43 M $ 62 M $ 69 M
2023 Median Age : 31 32 33
2023 Total Households : 645 920 1,027
2023 Pop Age 25+: Bachelor's Degree : 44 64 95
2023 Average Home Value : $ 123,114 $ 137,145 $ 148,419
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Central Ave 2022 5,313 0.12 mi
Farm-to-Market Road 2922 County Rd173 2002 230 0.61 mi
East Central Avenue N Washington Ave 2022 6,976 0.76 mi
N Nixon Ave W 2nd St 2002 4,800 0.80 mi
North Nixon Avenue W 2nd St 2022 6,628 0.81 mi
North Nixon Avenue W 4th St 2022 5,561 0.81 mi
South Nixon Avenue W 2nd Ave 2022 4,179 0.82 mi
West 3rd Street N Congress Ave 2022 1,011 0.84 mi
State Highway 80 North N Nixon Ave 2022 5,741 0.86 mi
West Central Avenue S Congress Ave 2022 6,648 0.86 mi

Listing Broker

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