Tractor Supply Company

1213 East Wishkah Street, Aberdeen, WA 98520

$6,255,000

Cap Rate 5.50%

Views: 138 DOM: 202 Updated: 09.16.24 Posted: 05.03.24 Status: Active

Summary

Price $6,255,000	Built/Renov 1994	Tenant Tractor Supply Company
Cap Rate 5.50%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 38,196	Lease Start 06-01-2023	#Units 2,414
Price/SF $163.76	Expiration 07-31-2036	Tenant Type General Retail
NOI $344,000	R. Term 11.8	Ownership Fee Simple
Rent/SF $9.01	Increases 0.0%/0/yrs	Pop 5Mi 30,220
Lot/AC 1.27	Options 4/5yrs	AHHI 5Mi $77,670

Andrew Bogardus

Cushman & Wakefield

Contact

Lease Highlights

Tractor Supply Company has 12 years remaining on the current lease term with 4 (5-year) options to extend
The lease features fluctuating rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on Wishkah Street, with access to 26,530 vehicles passing by daily. This prime location holds the 5th rank out of 19 stores in Washington, according to Placer.ai data. Additionally, the property forms a part of the Walmart Supercenter/Marshalls shopping center, making it the sole Tractor Supply store within a 47-mile radius of Aberdeen. The...

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Key Features

Build to suit
Near major nationals
WalMart out-parcel
Income tax free state
Recently extended lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Aberdeen, Washington Zip Code 98520 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 :	7,097	21,065	30,763
2023 Total Population :	6,973	20,716	30,220
2023 Employed Civilian Pop :	2,565	7,934	11,937
2023 Total Businesses :	434	893	1,135
2023 Average Household Income :	$ 54,594	$ 75,181	$ 77,670
2023 Total Consumer Spending :	$ 129 M	$ 528 M	$ 810 M
2023 Median Age :	38	39	40
2023 Total Households :	2,686	8,022	11,873
2023 Pop Age 25+: Bachelor's Degree :	528	1,491	2,435
2023 Average Home Value :	$ 207,301	$ 254,938	$ 253,691

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
E Wishkah St	Tyler St	2005	22,000	0.07 mi
E Wishkah St	S Chehalis St	2005	28,000	0.23 mi
East Wishkah Street	S G St	2021	26,530	0.26 mi
Hornsby Way	E Wishkah St	2021	11,927	0.30 mi
East Wishkah Street	S Newell St	2018	17,000	0.31 mi
US 12	S Newell St	2021	15,582	0.31 mi
W Curtis St	N Boone St	2005	11,000	0.34 mi
West Curtis Street	N Boone St	2022	9,235	0.34 mi
West Curtis Street	N Boone St	2019	10,000	0.34 mi
North Boone Street	W King St	2019	1,300	0.35 mi

Listing Broker

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