Tractor Supply Company

750 Farmstead Drive, Edinboro, PA 16412

$6,522,000

Cap Rate 5.75%

Views: 95 DOM: 197 Updated: 09.05.24 Posted: 05.08.24 Status: Active 09.05.24

Summary

Price $6,522,000	Built/Renov 2015	Tenant Tractor Supply Company
Cap Rate 5.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 19,051	Lease Start 07-01-2024	#Units 2,414
Price/SF $342.34	Expiration 06-30-2039	Tenant Type General Retail
NOI $375,000	R. Term 14.7	Ownership Fee Simple
Rent/SF $19.68	Increases 5.0%/5/yrs	Pop 5Mi 10,603
Lot/AC 3.47	Options 4/5yrs/5%	AHHI 5Mi $93,718

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 Route 6 North, with access to 10,100 vehicles passing by daily. The property is conveniently situated one block from I-79, which sees 24,600 vehicles per day, and is in close proximity to a Walmart Supercenter-anchored shopping center. Surrounding well-known national tenants include Sheetz, Advance Auto Parts, Wendy’s, O’Reilly Auto Parts,...

...

Key Features

Build to suit
Near major nationals
Freeway close
Affluent suburb location
Major MSA
Brand new lease
Long 15+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Edinboro, Pennsylvania Zip Code 16412 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,...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	610	7,987	10,609
2023 Total Population :	627	7,933	10,603
2023 Employed Civilian Pop :	312	4,065	5,555
2023 Total Businesses :	26	299	374
2023 Average Household Income :	$ 117,189	$ 85,789	$ 93,718
2023 Total Consumer Spending :	$ 25 M	$ 217 M	$ 329 M
2023 Median Age :	44	29	33
2023 Total Households :	254	2,919	4,064
2023 Pop Age 25+: Bachelor's Degree :	115	1,566	2,026
2023 Average Home Value :	$ 244,718	$ 237,157	$ 247,985

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Market Place Dr	2021	2,406	0.43 mi
	Commerce Dr	2021	1,350	0.45 mi
	Ymca Dr	2019	12,543	0.50 mi
Route 6N	Cardinal Ln	2021	11,030	0.51 mi
	US Hwy 6n	2021	2,247	0.52 mi
	I- 79	2021	1,298	0.53 mi
Route 6N	I- 79	2022	2,511	0.56 mi
Route 6N	Washington Towne Blvd	2022	2,511	0.56 mi
I- 79	Koman Rd	2003	2,400	1.09 mi
Angling Road	Cherry St	2021	1,519	1.22 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28529 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27519 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

...

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

...

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