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Tractor Supply Company, Apple Valley , CA

Tractor Supply Company

Price $7,288,000
Cap Rate CALL FOR DETAILS
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 DETAILS
Year Built 2019
Building Size 18,800 SF
Lot Size
Status Available
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 fiveyear option periods
» 5% rental increases every five years, providing a hedge against inflation
» Tractor Supply is a Fortune 500 company with revenues of $7.9 billion

HIGH-TRAFFIC LOCATION IN PRIMARY RETAIL CORRIDOR
» Excellent visibility and access to 35,500 vehicles per day directly in front of the site on the corner of Bear Valley Road and Braeburn Road
» Bear Valley Road serves as one of Apple Valley’s primary retail corridors, and the property is close to several large shopping center and national tenants
» Notable retailers near the property include Target, Lowe’s, Stater Bros., Rite Aid, Best Buy, Bed Bath & Beyond, PetSmart, Big 5, Home Depot, Walmart, Big Lots, and more

STRONG CUSTOMER BASE WITH ROBUST DEMOGRAPHICS
» Close to several schools, including Victor Valley College, which has 12,892 students and 803 employees
» Densely populated area, with 105,867 residents living within a five-mile radius
» High average household income of $88,822 within one mile of the property
» Surrounded by farms, ranches, and residential neighborhoods, representing a large portion of Tractor Supply’s target customers
» 44% of Tractor Supply’s store sales come from pets and livestock, which bodes well for rural and suburban locations

NEW 2019 BUILT-TO-SUIT CONSTRUCTION
» High-quality construction due to be completed in early 2019
» 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

CLICK HERE TO DOWNLOAD CONFIDENTIALITY AGREEMENT


Property Description

The property is located and the corner of Bear Valley Road and Braeburn Road, with excellent visibility and access to 35,500 vehicles per day directly in front of the site. Bear Valley Road serves as one of Apple Valley’s primary retail corridors, and the property is close to several large shopping center and national tenants. Notable retailers near the property include Target, Lowe’s, Stater Bros., Rite Aid, Best Buy, Bed Bath & Beyond, PetSmart, Big 5, Home Depot, Walmart, Big Lots, and more.

The property is close to several schools, including Victor Valley College, which has 12,892 students and 803 employees. Additionally, the property is surrounded by farm and ranch land, as well as densely populated residential neighborhoods, with 105,867 people living within five miles of the property. Tractor Supply caters to farmers, ranchers, and homeowners, amongst others; the property’s proximity to residential neighborhoods, farms, and ranches provides a strong customer base for Tractor Supply.

Contact Us About This Property

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