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Views: 76 DOM: 198 Updated: 08.30.24 Posted: 03.02.24 Status: Active

Summary

Price $5,653,900
Built/Renov 2022
Tenant Tractor Supply Company
Cap Rate 6.30%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 19,097
Lease Start 08-03-2021
#Units 2,414
Price/SF $296.06
Expiration 07-31-2038
Tenant Type General Retail
NOI $356,200
R. Term 13.10
Ownership Fee Simple
Rent/SF $18.65
Increases 5.0%/2/yrs
Pop 5Mi 6,935
Lot/AC 6.50
Options 4/5yrs/5%
AHHI 5Mi $91,054

Lease Highlights

  • Tractor Supply Company has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 5% rental escalations every 5 years throughout the initial term and option periods
  • Location apart of a 2-unit portfolio | May be sold individually or together
  • Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located at the hard corner intersection of Fort Loudon Road and Landis Drive, with access to 5,184 vehicles passing by daily. The property is adjacent to Food Lion and in close proximity to James Buchanan Middle School and James Buchanan High School. The 5-mile trade area is supported by a population of 6,935 residents with an average household income of...

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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 : 1,593 4,385 6,930
2023 Total Population : 1,581 4,368 6,935
2023 Employed Civilian Pop : 869 2,426 3,759
2023 Total Businesses : 102 174 224
2023 Average Household Income : $ 82,491 $ 87,147 $ 91,054
2023 Total Consumer Spending : $ 47 M $ 131 M $ 214 M
2023 Median Age : 40 43 43
2023 Total Households : 654 1,728 2,716
2023 Pop Age 25+: Bachelor's Degree : 127 389 659
2023 Average Home Value : $ 281,148 $ 286,582 $ 297,752
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Fort Loudon Road Mercersburg Rd 2022 4,930 0.08 mi
Buchanan Trl W Findley Dr 2017 4,910 0.57 mi
North Main Street Ensminger Aly 2021 10,229 0.62 mi
N Park Ave N Main St 2017 2,179 0.79 mi
South Main Street Jail House Aly 2019 7,363 0.96 mi
South Main Street W California St 2021 8,070 0.96 mi
Church Hill Rd Conoco Rd 2017 805 0.99 mi
South Park Avenue W California St 2021 2,190 1.02 mi
Church Hill Road Conoco Rd 2020 1,327 1.44 mi
Buchanan Trail West Dickeys Rd 2021 5,102 1.46 mi

Listing Broker

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