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Views: 116 DOM: 164 Updated: 09.16.24 Posted: 07.10.24 Status: Active

Summary

Price $7,084,000
Built/Renov 2023
Tenant Tractor Supply Company
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 21,930
Lease Start 09-01-2023
#Units 2,414
Price/SF $323.03
Expiration 08-31-2039
Tenant Type General Retail
NOI $425,000
R. Term 14.8
Ownership Fee Simple
Rent/SF $19.38
Increases 5.0%/5/yrs
Pop 5Mi 11,987
Lot/AC 4.16
Options 4/5yrs/5%
AHHI 5Mi $62,369

Lease Highlights

  • New 2023 construction
  • 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 throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on Vicki Drive, immediately adjacent to the on/off ramp for Interstate 40, a major highway. The property is surrounded by well-known national tenants including Walmart, Walgreens, Taco Bell, Subway, Dairy Queen, Dollar Tree, and more. The 5-mile trade area is supported by a population of 11,987 residents with an average household income of...

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Maps

  • 1 Mile
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  • 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
2029 Total Population : 88 8,939 12,032
2024 Total Population : 89 8,933 12,051
2024 Employed Civilian Pop : 13 2,870 3,738
2024 Total Businesses : 32 348 428
2024 Average Household Income : $ 78,338 $ 65,763 $ 67,725
2024 Total Consumer Spending : $ 1 M $ 191 M $ 259 M
2024 Median Age : 37 37 38
2024 Total Households : 26 3,196 4,223
2024 Pop Age 25+: Bachelor's Degree : 2 612 879
2024 Average Home Value : $ 263,158 $ 167,118 $ 179,967
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Santa Fe Ave 2022 1,698 0.14 mi
I- 40 2022 1,358 0.22 mi
East Santa Fe Avenue 2018 2,474 0.24 mi
I- 40 2022 1,804 0.24 mi
I 40 Business;NM 122 E Santa Fe Ave 2021 2,953 0.29 mi
I- 40 2022 1,054 0.31 mi
E Santa Fe Ave 2022 19,907 0.31 mi
E Santa Fe Ave 2022 1,713 0.35 mi
I- 40 2022 19,604 0.39 mi
State Rte 122 2022 1,412 0.41 mi

Listing Broker

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