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Views: 148 Updated: 12.11.24 Posted: 02.27.24 Status: Inactive 12.11.24

Summary

Price $10,414,000
Built/Renov 2023
Tenant Tractor Supply Company
Cap Rate 5.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 21,702
Lease Start 11-14-2023
#Units 2,414
Price/SF $479.86
Expiration 11-13-2043
Tenant Type General Retail
NOI $598,778
R. Term 18.11
Ownership Fee Simple
Rent/SF $27.59
Increases 5.0%/4/yrs
Pop 5Mi 137,721
Lot/AC 3.00
Options 4/5yrs/5%
AHHI 5Mi $86,795

Lease Highlights

  • New 2023 build-to-suit construction
  • Tractor Supply Company recently executed a brand new 19+ year lease with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on Mitchell Road, with access to 27,319 vehicles passing by daily. Situated along Highway 99, with a substantial traffic count of 94,000 VPD, and a large pylon signage for enhanced visibility. The property shares a strategic location within the newly developed Ceres Gateway Center, alongside national anchor tenants such as In-N-Out Burger,...

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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 : 6,754 58,733 135,162
2023 Total Population : 6,803 59,039 136,177
2023 Employed Civilian Pop : 2,679 24,454 55,129
2023 Total Businesses : 207 1,398 3,061
2023 Average Household Income : $ 81,144 $ 90,657 $ 86,891
2023 Total Consumer Spending : $ 148 M $ 1297 M $ 2940 M
2023 Median Age : 32 32 32
2023 Total Households : 2,083 16,455 38,758
2023 Pop Age 25+: Bachelor's Degree : 336 3,230 7,556
2023 Average Home Value : $ 448,299 $ 463,590 $ 451,892
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mitchell Rd E Svc Rd 2012 27,319 0.01 mi
E Svc Rd Moore Rd 2012 7,317 0.10 mi
E Svc Rd el Camino Ave 2012 12,503 0.15 mi
Mitchell Rd E Svc Rd 2012 24,603 0.16 mi
Lucas Rd Mitchell Rd 2012 521 0.24 mi
E Svc Rd Esmar Rd 2013 4,119 0.33 mi
Moore Rd 2022 115,250 0.34 mi
Don Pedro Rd Timberly Ln 2012 1,204 0.36 mi
State Hwy 99 Service Rd 2017 94,000 0.45 mi
Redwood Rd Mitchell Rd 2014 149 0.51 mi

Listing Broker

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