Tractor Supply Company

75 North Abrego Drive, Green Valley, AZ 85614

$7,130,000

Cap Rate 5.75%

Views: 71 DOM: 169 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 14.8	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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Key Features

New construction
Build to suit
Near major nationals
Freeway close
Top 100 MSA
Affluent suburb location
Brand new lease
Long 15+ yr lease
Traded and rated company
Investment grade tenant

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Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Green Valley, Arizona Zip Code 85614 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 :	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

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
24316 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
23462 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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