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Views: 84 Updated: 04.09.24 Posted: 05.31.23 Status: Inactive

Summary

Price $7,755,000
Built/Renov 2023
Tenant Tractor Supply Company
Cap Rate 5.30%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 21,930
Lease Start 09-18-2023
#Units 2,091
Price/SF $353.63
Expiration 09-09-2043
Tenant Type General Retail
NOI $411,000
R. Term 18.10
Ownership Fee Simple
Rent/SF $18.74
Increases 5.0%/5/yrs
Pop 5Mi 114,702
Lot/AC 5.24
Options 4/5yrs/5%
AHHI 5Mi $84,988

Lease Highlights

  • Brand new 2023 construction
  • Tractor Supply Company recently signed a brand new 20-year lease with 4 (5-year) options to extend
  • Lease features 5% rental increases every 5 years throughout the initial term and at the start of each option
  • Corporate guarantee by Tractor Supply Company (NASDAQ: TSCO)
  • Tractor Supply Company is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed Tractor Supply Company is located along Dorchester Road (SR 642) with access to over 28,300 vehicles per day. The site benefits from being located along a major thoroughfare leading to the downtown area increasing consumer traffic in the area. There are a large number of national/credit tenants within close proximity to the site such as Lowe's Home Improvement, Home...

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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 : 6,817 55,534 124,592
2023 Total Population : 6,516 53,219 119,542
2023 Employed Civilian Pop : 3,381 26,174 58,024
2023 Total Businesses : 62 1,174 2,676
2023 Average Household Income : $ 113,723 $ 99,834 $ 101,718
2023 Total Consumer Spending : $ 224 M $ 1746 M $ 3999 M
2023 Median Age : 43 38 37
2023 Total Households : 2,316 20,377 45,615
2023 Pop Age 25+: Bachelor's Degree : 990 8,027 18,569
2023 Average Home Value : $ 355,811 $ 298,889 $ 304,550
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bacons Bridge Road Reniken Rd 2021 24,300 0.61 mi
SC 642 Owens Cir 2021 31,200 0.62 mi
Dorchester Road Taylor Dr 2021 33,900 0.67 mi
Dorchester Rd Sawmill Ct 2019 26,500 0.72 mi
Cook'South Cross Road Ashley River Rd 2021 4,100 1.23 mi
Ashley River Road Bacons Bridge Rd 2021 13,400 1.37 mi
Beech Hill Road Sprucewood St 2021 11,100 1.41 mi
Old Trolley Road Martins Creek Blvd 2021 28,000 1.55 mi
Delemar Hwy Carolinian Dr 2018 6,400 1.64 mi
Midland Pkwy Harth Pl 2018 16,100 1.89 mi

Listing Broker

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