Tractor Supply Company

6719 Easton Road, Bedminster, PA 18947

$8,087,000

Cap Rate 5.75%

Views: 117 DOM: 169 Updated: 09.05.24 Posted: 05.08.24 Status: Active 09.05.24

Summary

Price $8,087,000	Built/Renov 2016	Tenant Tractor Supply Company
Cap Rate 5.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 19,012	Lease Start 07-01-2024	#Units 2,414
Price/SF $425.36	Expiration 06-30-2039	Tenant Type General Retail
NOI $465,000	R. Term 14.8	Ownership Fee Simple
Rent/SF $24.46	Increases 5.0%/5/yrs	Pop 5Mi 28,501
Lot/AC 5.13	Options 4/5yrs/5%	AHHI 5Mi $169,360

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 Easton Road, with access to 22,240 vehicles passing by daily. The property is conveniently situated within 2 miles of Plumstead Square, a shopping center anchored by GIANT, a Weis Supermarket, as well as a large industrial area. Nearby educational institutions include Tohickon Middle School, Groveland Elementary School, Pennridge North Middle...

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Key Features

Build to suit
Near major nationals
Strategically located
Top 100 MSA
Affluent AHHI $100K 5 Mi
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 Bedminster, Pennsylvania Zip Code 18947 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 :	422	8,278	28,661
2023 Total Population :	424	8,204	28,501
2023 Employed Civilian Pop :	186	4,168	14,923
2023 Total Businesses :	66	429	975
2023 Average Household Income :	$ 149,704	$ 168,769	$ 169,360
2023 Total Consumer Spending :	$ 20 M	$ 399 M	$ 1475 M
2023 Median Age :	38	41	42
2023 Total Households :	163	2,832	10,416
2023 Pop Age 25+: Bachelor's Degree :	114	2,079	6,759
2023 Average Home Value :	$ 570,973	$ 575,723	$ 578,298

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Deep Run Rd	Rolling Hills Rd	2021	676	0.61 mi
Easton Rd	Saw Mill Rd	2019	10,427	0.66 mi
Deep Run Road	Irish Meetinghouse Rd	2022	602	0.78 mi
Durham Road	Township Line Rd	2020	4,221	0.80 mi
Creek Road	Quarry Rd	2021	381	0.82 mi
Old Easton Rd	Dark Hollow Rd	2017	629	0.87 mi
Easton Rd	Old Easton Rd	2017	12,445	0.89 mi
Dark Hollow Rd	Carversville Rd	2021	2,853	1.13 mi
Dark Hollow Rd	Carversville Rd	2019	2,672	1.14 mi
Kellers Church Road	Scott Rd	2021	1,833	1.17 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
24298 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
23444 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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