Tractor Supply Company

2648 Coweeman Park Drive, Kelso, WA 98626

$7,391,000

Cap Rate 5.75%

Views: 137 DOM: 228 Updated: 06.03.24 Posted: 05.08.24 Status: Active

Summary

Price $7,391,000	Built/Renov 2017	Tenant Tractor Supply Company
Cap Rate 5.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 22,181	Lease Start 07-01-2024	#Units 2,414
Price/SF $333.21	Expiration 06-30-2039	Tenant Type General Retail
NOI $425,000	R. Term 14.6	Ownership Fee Simple
Rent/SF $19.16	Increases 5.0%/5/yrs	Pop 5Mi 52,698
Lot/AC 4.51	Options 4/5yrs/5%	AHHI 5Mi $80,423

Lease Highlights

Tractor Supply Company will be executing a brand new 15-year lease with 4 (5-year) options to extend at the close of escrow
The lease features 5% rental escalations throughout the initial term and option periods
Seasoned location with strong unit-level profitability & rent coverage | Speak with Agent(s) for details
Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on Coweeman Park Drive, offering excellent access and visibility from I-5 & Tennant Way, which boasts a substantial combined daily traffic count of 104,060 vehicles. This location is particularly advantageous as it serves as the sole Tractor Supply within a 22-mile radius. Additionally, it is situated less than 2.5 miles from Three Rivers Mall, a...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Freeway visibility
Income tax free state
Brand new lease
Long 15+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Kelso, Washington Zip Code 98626 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:2,414
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,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	133	16,306	53,209
2023 Total Population :	133	16,083	52,698
2023 Employed Civilian Pop :	43	6,447	21,212
2023 Total Businesses :	50	948	2,197
2023 Average Household Income :	$ 138,499	$ 74,664	$ 80,423
2023 Total Consumer Spending :	$ 4 M	$ 417 M	$ 1495 M
2023 Median Age :	45	43	41
2023 Total Households :	36	6,387	21,322
2023 Pop Age 25+: Bachelor's Degree :	20	1,145	4,006
2023 Average Home Value :	$ 745,968	$ 349,567	$ 397,636

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
I- 5	State Rte 432	2019	470	0.08 mi
	I- 5	2021	512	0.08 mi
I- 5	State Hwy432	2010	660	0.08 mi
I- 5	State Hwy432	2005	48,000	0.10 mi
	State Hwy432	2021	4,682	0.11 mi
State Rte 432	I- 5	2010	3,600	0.12 mi
	State Hwy432	2021	806	0.13 mi
	I- 5	2021	478	0.14 mi
State Rte 432	I- 5	2010	19,000	0.14 mi
State Rte 432	I- 5	2010	9,900	0.16 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31484 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30338 Views
21 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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