Tractor Supply Company

West Avenue L & 42nd Street West, Lancaster, CA 93536

$10,285,000

Cap Rate 5.15%

Views: 68 Updated: 12.14.23 Posted: 10.11.23 Status: Inactive

Summary

Price $10,285,000	Built/Renov 2023	Tenant Tractor Supply Company
Cap Rate 5.15%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 21,702	Lease Start 11-30-2023	#Units 2,091
Price/SF $473.92	Expiration 11-30-2038	Tenant Type General Retail
NOI $529,822	R. Term 14.1	Ownership Fee Simple
Rent/SF $24.41	Increases 5.0%/5/yrs	Pop 5Mi 152,223
Lot/AC 3.10	Options 4/5yrs/5%	AHHI 5Mi $105,692

Lease Highlights

Brand new 2023 construction
Tractor Supply recently signed a brand-new 15-year lease with 4 (5-year) options to extend
Lease features 5% rental increase every 5 years throughout the initial term and at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee by Tractor Supply Company (NASDAQ: TSCO)

Location Description

The newly constructed Tractor Supply is situated at the busy intersection of W Avenue L and 42nd Street W, which sees a combined daily traffic count of 28,291 vehicles. The subject property will become the newest anchor in the shopping center, joining other well-known national retailers such as Vons, CVS, Bank of America, Chase Bank, Market, Walgreens, AutoZone and more. This presence of...

...

Key Features

New construction
Hard corner intersection
Near major nationals
Shopping Ctr out-parcel
Strong demographics
Major MSA
Brand new lease
Favorable NN+ lease
Traded and rated company
Investment grade tenant

...

Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Lancaster, California Zip Code 93536 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tractor Supply Co.
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,...

...

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
20279 Views
56 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
21763 Views
60 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