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Views: 90 DOM: 233 Updated: 09.05.24 Posted: 05.08.24 Status: Active 09.05.24

Summary

Price $7,130,000
Built/Renov 2024
Tenant Tractor Supply Company
Cap Rate 5.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 21,838
Lease Start 07-01-2024
#Units 2,414
Price/SF $326.50
Expiration 06-30-2039
Tenant Type General Retail
NOI $410,000
R. Term 14.6
Ownership Fee Simple
Rent/SF $18.77
Increases 5.0%/5/yrs
Pop 5Mi 39,342
Lot/AC 4.07
Options 4/5yrs/5%
AHHI 5Mi $89,443

Lease Highlights

  • Brand new 2024 construction
  • 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 North Abrego Drive, with access to 10,900 vehicles passing by daily. The property features excellent access and visibility from I-19, which sees a daily traffic count of 40,050 vehicles. Additionally, it is conveniently situated just on the other side of I-19 from Victory Center, a shopping center anchored by Heirloom Farmers Market....

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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 : 5,960 25,829 42,864
2023 Total Population : 6,069 25,477 39,342
2023 Employed Civilian Pop : 1,064 6,395 10,165
2023 Total Businesses : 140 677 776
2023 Average Household Income : $ 72,287 $ 81,032 $ 89,443
2023 Total Consumer Spending : $ 226 M $ 958 M $ 1575 M
2023 Median Age : 74 70 69
2023 Total Households : 3,604 13,627 20,321
2023 Pop Age 25+: Bachelor's Degree : 1,591 5,398 8,428
2023 Average Home Value : $ 243,800 $ 289,578 $ 316,512
*ESRI data is presented for informational purposes only

Listing Broker

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