Tractor Supply Company

1002 W Expy 83, Weslaco, TX 78599

$3,895,000

Cap Rate 5.66%

Views: 33 DOM: 82 Updated: 04.25.24 Posted: 02.25.24 Status: Active

Summary

Price $3,895,000	Built/Renov 2022	Tenant Tractor Supply Company
Cap Rate 5.66%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 19,025	Lease Start 12-01-2002	#Units 2,091
Price/SF $204.73	Expiration 11-30-2031	Tenant Type General Retail
NOI $220,404	R. Term 7.6	Ownership Fee Simple
Rent/SF $11.58	Increases 7.0%/3/yrs	Pop 5Mi 109,508
Lot/AC 3.00	Options 0/0yrs	AHHI 5Mi $61,264

Lease Highlights

Tractor Supply Company has been operating in this location since 2002
The tenant has 7+ years remaining on the current lease term
The lease features 7% rental escalations throughout the initial term
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on US-83/Frontage Rd, with access to approximately 26,200 vehicles passing by daily. The property also benefits from great access and visibility from W. Exp-83, which averages 70,000 VPD. According to Creditntell, this location has consistently been ranked in the top 20% of stores both in Texas and nationwide. Nearby national tenants include The...

...

Key Features

In location for years
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Income tax free state
Absolute NNN
Top performing store
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Weslaco, Texas Zip Code 78596 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tractor Supply Company
Guarantor:Corp T and Rated
Company:Tractor Supply Company
# Units:2,091
Tenant S&P: BBB
Moody’s: Baa1
Stock: NASDAQ: TSCO

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,...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	11,085	60,677	113,010
2023 Total Population :	10,390	58,757	109,973
2023 Employed Civilian Pop :	4,039	22,502	40,059
2023 Total Businesses :	586	1,746	2,228
2023 Average Household Income :	$ 65,366	$ 66,528	$ 61,216
2023 Total Consumer Spending :	$ 198 M	$ 1087 M	$ 1779 M
2023 Median Age :	30	33	31
2023 Total Households :	3,409	18,500	32,808
2023 Pop Age 25+: Bachelor's Degree :	750	5,951	9,205
2023 Average Home Value :	$ 143,673	$ 148,031	$ 134,012

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	N Border Ave	2021	27,446	0.13 mi
	N Border Ave	2022	26,241	0.13 mi
I 2;US 83	N Border Ave	2022	65,173	0.13 mi
	N Border Ave	2021	25,000	0.14 mi
	N Border Ave	2022	24,250	0.14 mi
N Border Ave	San Benito St	2014	4,794	0.16 mi
N Border Ave	W Pike Blvd	2014	7,284	0.31 mi
N Westgate Dr	Abilene Dr	2014	17,143	0.42 mi
North Westgate Drive	W Pike Blvd	2022	22,749	0.45 mi
W Pike Blvd	N Westgate Dr	2014	5,368	0.53 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6822 Views
40 Sold

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7400 Views
42 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

...

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT