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Views: 355 DOM: 90 Updated: 10.10.24 Posted: 08.17.24 Status: Active

Summary

Price $5,718,000
Built/Renov 2023
Tenant Tractor Supply Company
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 22,433
Lease Start 11-24-2023
#Units 2,414
Price/SF $254.89
Expiration 11-30-2038
Tenant Type General Retail
NOI $343,095
R. Term 14.0
Ownership Fee Simple
Rent/SF $15.29
Increases 5.0%/5/yrs
Pop 5Mi 20,904
Lot/AC 4.00
Options 4/5yrs/5%
AHHI 5Mi $818,152

Lease Highlights

  • New 2023 construction | New 15-year roof warranty to be transferred to Buyer, at Closing
  • 15 year lease term with 4 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Limited landlord responsibilities | Landlord responsible for roof, structure, and parking lot
  • Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on W Bobo Newsom Highway, with access to 13,360 vehicles passing by daily. The property benefits from being the only Tractor Supply store within a 16-mile radius. It is less than 1.5 miles from Carolina Pines Regional Medical Center, under 4 miles from Sunoco’s global headquarters, and near Coker University, which has over 1,100 students. The...

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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
2029 Total Population : 1,879 10,029 20,533
2024 Total Population : 1,887 10,175 20,904
2024 Employed Civilian Pop : 834 4,634 9,066
2024 Total Businesses : 29 249 844
2024 Average Household Income : $ 117,218 $ 96,099 $ 81,852
2024 Total Consumer Spending : $ 81 M $ 352 M $ 631 M
2024 Median Age : 47 45 42
2024 Total Households : 796 4,165 8,654
2024 Pop Age 25+: Bachelor's Degree : 452 1,798 2,767
2024 Average Home Value : $ 257,032 $ 238,100 $ 214,792
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Carolina Avenue Sunset Dr 2021 4,900 0.37 mi
Kelleytown Road Stadium Rd 2021 4,800 0.48 mi
Kelleytown Road Bayridge Dr 2022 4,600 0.48 mi
Deerwood Drive Claremont St 2022 225 0.56 mi
West Bobo Newsome Highway Deerwood Dr 2021 12,000 0.73 mi
Westover Dr Mossy Oak Dr 2010 375 1.02 mi
Dunlap Drive Newsome Ave 2022 1,200 1.06 mi
West Carolina Avenue Dunlap Dr 2022 9,900 1.13 mi
Westover Drive Sawtooth Ln 2022 550 1.17 mi
Kelleytown Rd Bayridge Dr 2010 2,700 1.74 mi

Listing Broker

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