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Tractor Supply Company, Arcata, CA

Tractor Supply Company

Arcata, CA

Price CALL FOR DETAILS
Cap Rate 5.50%
NOI CALL FOR DETAILS
Lease Term 15 Years
Lease Type Net, with Landlord Responsible for Roof, Structure, and Parking Lot Replacement
Rental Increases CALL FOR DEATLS
Year Built 2018
Building Size 19,045 SF
Lot Size CALL FOR DETAILS
Status Avialable
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NET LEASE WITH SCHEDULED RENT INCREASES TO STRONG NATIONAL TENANT
» Leased to Tractor Supply Company (NASDAQ: “TSCO”) for 15 years, plus four five-year option periods
» 5% rental increases every five years, providing a hedge against inflation
» Tractor Supply is a Fortune 500 company with revenues of $6.8 billion

HIGH-TRAFFIC LOCATION IN STRONG RETAIL CLUSTER
» Immediate access to U.S. Highway 101 (43,000 AADT) and Highway 299 (12,000 AADT), two of the region’s primary thoroughfares
» Directly across from Valley West, a large shopping center featuring major national and regional retailers like Dollar Tree, Harbor Freight Tools, and Rays Food Place
» Several pad spaces are available around the property for future development

CLOSE PROXIMITY TO MAJOR SCHOOLS AND EMPLOYERS
» Adjacent to an industrial park that is home to major employers, including Bettendorf Trucking, which has 245 employees
» Other notable employers—including The Sun Valley Group (750 employees) and Mad River Community Hospital (500 employees)—are located nearby
» Close to Humboldt State University, a major economic engine for the region, with 8,503 students and 1,454 employees

NEW 2018 BUILT-TO-SUIT CONSTRUCTION
» High-quality construction completed in Q3 2018
» Built to Tractor Supply Company’s exact specifications
» Features latest Tractor Supply Company store designs and concepts, including fenced outdoor sales area and ample onsite parking
» New building, limiting near-term deferred maintenance or capital costs
» 20-year NDL manufacturer’s roof warranty

CLICK HERE TO DOWNLOAD CONFIDENTIALITY AGREEMENT


Property Description

The property is conveniently located at Mad River Parkway’s hard corner intersections with Mad River Parkway West and Giuntoli Lane. Giuntoli Lane provides immediate access to U.S. Highway 101 (43,000 AADT) and Highway 299 (12,000 AADT), two of the region’s primary thoroughfares. Located in a strong retail cluster, the property is directly across from Valley West, a large shopping center featuring major national and regional retailers like Dollar Tree, Harbor Freight Tools, and Rays Food Place. Other tenants in the immediate area include McDonald’s, NAPA Auto Parts, Chevron, and Hampton Inn & Suites. In addition, several pad spaces are available around the property for future development.

The property is centrally located just over two and a half miles from downtown Arcata. The property is adjacent to an industrial park that is home to major employers, including Bettendorf Trucking, which has 245 employees. Other notable employers—including The Sun Valley Group (750 employees) and Mad River Community Hospital (500 employees)—are located nearby. The property is a short distance from Humboldt State University, a major economic engine for the region, with 8,503 students and 1,454 employees. Other nearby schools include Pacific Union Elementary School (535 students), Arcata Elementary School (304 students), and Arcata High School (991 students).

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