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Views: 22 DOM: 25 Updated: 04.22.24 Posted: 04.22.24 Status: Active

Summary

Price $6,916,600
Built/Renov 2023
Tenant Tractor Supply Company
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 21,930
Lease Start 09-09-2023
#Units 2,414
Price/SF $315.39
Expiration 09-30-2043
Tenant Type General Retail
NOI $414,996
R. Term 19.4
Ownership Fee Simple
Rent/SF $18.92
Increases 5.0%/5/yrs
Pop 5Mi 13,619
Lot/AC 4.40
Options 4/5yrs/5%
AHHI 5Mi $70,037

Lease Highlights

  • Brand-new 2023 construction
  • Tractor Supply has 19+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply is strategically located on West Third Street, with access to 15,600 vehicles passing by daily. The property enjoys limited competition as it is the only Tractor Supply store within a 10+ mile radius, with the nearest locations in McDonough (13 miles northwest), Griffin (19 miles west), and Forsyth (21 miles south). Additionally, it is situated just feet away from Ingles Market,...

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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 : 1,396 8,310 14,053
2023 Total Population : 1,372 8,205 13,682
2023 Employed Civilian Pop : 602 3,306 5,304
2023 Total Businesses : 75 378 489
2023 Average Household Income : $ 78,272 $ 66,099 $ 70,023
2023 Total Consumer Spending : $ 40 M $ 177 M $ 311 M
2023 Median Age : 44 40 40
2023 Total Households : 568 3,021 5,000
2023 Pop Age 25+: Bachelor's Degree : 111 468 801
2023 Average Home Value : $ 221,338 $ 214,374 $ 228,581
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Brookwood Avenue Hill St 2019 4,700 0.68 mi
West 3rd Street Brookwood Ave 2019 15,800 0.81 mi
S Mulberry St Mulberry St 2013 4,480 1.02 mi
South Mulberry Street E College St 2019 7,430 1.07 mi
State Route 36 Duffey Rd 2018 5,200 1.15 mi
State Route 36 Duffey Rd 2019 5,770 1.15 mi
S Mulberry St Duffey Rd 2016 5,020 1.16 mi
East 3rd Street Dempsey Ave 2019 17,600 1.21 mi
West 3rd Street Bert Rd 2019 11,200 1.26 mi
Covington Street E 1st St 2019 10,900 1.40 mi

Listing Broker

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