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Views: 95 DOM: 198 Updated: 08.30.24 Posted: 03.02.24 Status: Active

Summary

Price $5,801,900
Built/Renov 2022
Tenant Tractor Supply Company
Cap Rate 6.30%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 22,433
Lease Start 06-15-2022
#Units 2,414
Price/SF $258.63
Expiration 05-30-2039
Tenant Type General Retail
NOI $365,524
R. Term 14.8
Ownership Fee Simple
Rent/SF $16.29
Increases 5.0%/3/yrs
Pop 5Mi 26,793
Lot/AC 4.07
Options 4/5yrs/5%
AHHI 5Mi $123,366

Lease Highlights

  • Tractor Supply Company has 15+ 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 on Tunkhannock Highway/Route 309, with access to 8,758 vehicles passing by daily. Adjacent to Pyramid Healthcare and a mobile home park, it enjoys close proximity to Misericordia University and Dallas High School. Additionally, the vicinity boasts national tenants such as M&T Bank, Anytime Fitness, Weis Market, and more. The 5-mile trade area is...

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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 : 3,567 15,993 26,358
2023 Total Population : 3,582 16,247 26,793
2023 Employed Civilian Pop : 1,422 7,922 13,635
2023 Total Businesses : 166 639 883
2023 Average Household Income : $ 110,603 $ 119,148 $ 123,366
2023 Total Consumer Spending : $ 110 M $ 669 M $ 1162 M
2023 Median Age : 40 47 48
2023 Total Households : 1,161 6,570 11,017
2023 Pop Age 25+: Bachelor's Degree : 466 3,025 5,171
2023 Average Home Value : $ 320,616 $ 310,073 $ 324,216
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hildebrandt Rd 2021 2,367 0.19 mi
Irem Road Glen Riddle Ln 2021 1,929 0.20 mi
Tunkhannock Hwy Hildebrandt Rd 2018 8,758 0.21 mi
Tunkhannock Highway Dakota Dr 2021 10,669 0.27 mi
Tunkhannock Highway Dallas Mobile Home Park 2019 8,758 0.34 mi
Hildebrandt Rd Country Club Shopping Center 2019 4,945 0.34 mi
East Center Hill Road Old Grandview Ave 2021 6,282 0.36 mi
Tunkhannock Hwy Country Club Apartment 2017 9,157 0.37 mi
Hildebrandt Road Upper Demunds Rd 2021 5,266 0.44 mi
Midland Dr 2022 300 0.49 mi

Listing Broker

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