Tractor Supply Company

3327 Highway 72, Rogersville, AL 35652 35674

$6,835,000

Cap Rate 5.85%

Views: 116 Updated: 10.04.24 Posted: 12.21.23 Status: Inactive 10.04.24

Summary

Price $6,835,000	Built/Renov 2024	Tenant Tractor Supply Company
Cap Rate 5.85%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 21,930	Lease Start 06-01-2024	#Units 2,414
Price/SF $311.67	Expiration 05-31-2039	Tenant Type General Retail
NOI $400,000	R. Term 14.5	Ownership Fee Simple
Rent/SF $18.24	Increases 5.0%/5/yrs	Pop 5Mi 6,180
Lot/AC 9.71	Options 4/5yrs/5%	AHHI 5Mi $120,450

Lease Highlights

Brand-new 2024 construction
Tractor Supply recently signed a brand-new 15-year lease with 4 (5-year) options
Lease features 5% rental increase every 5 years throughout the initial term and at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Tractor Supply is strategically located along County Road 70 (Highway 72), with access to 11,600 vehicles passing by daily. The property is surrounded by community establishments, including Lauderdale County High School, Clements High School, Peaceful Acres RV Park, Elk River Lodge State Park, and more. Notable national tenants in the trade area include McDonald’s, Taco Bell, Subway, Dollar...

...

Key Features

New construction
Roof guarantee
Highway location
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Rogersville, Alabama Zip Code 35652 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,...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	246	2,627	7,856
2023 Total Population :	251	2,577	7,645
2023 Employed Civilian Pop :	117	1,310	3,602
2023 Total Businesses :	4	69	204
2023 Average Household Income :	$ 93,314	$ 81,993	$ 87,863
2023 Total Consumer Spending :	$ 8 M	$ 86 M	$ 254 M
2023 Median Age :	50	47	45
2023 Total Households :	100	1,177	3,275
2023 Pop Age 25+: Bachelor's Degree :	38	375	984
2023 Average Home Value :	$ 379,934	$ 225,166	$ 245,408

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
United States Highway 72	Lauderdale County 627	2021	13,755	0.65 mi
Lauderdale County 51	Airport Rd	2021	1,085	1.45 mi
State Route 101	Lauderdale County 596	2002	7,040	1.77 mi
Alabama Highway 101	Maranath Way	2019	5,523	1.78 mi
Alabama Highway 101	Elgin Dr	2020	5,532	1.78 mi
Alabama Highway 101	Rustic Village Rd	2021	5,532	1.78 mi
Lauderdale County 92	Skin Head Ln	2021	364	1.81 mi
Alabama Highway 101	Lauderdale County 582	2019	5,358	2.05 mi
County Road 92	Turner Lindsey Rd	2021	483	2.36 mi
Lauderdale County 51	Lauderdale County 543	2021	956	2.37 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23786 Views
59 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25582 Views
63 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

...

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT