Tractor Supply Company
Cedartown, GA
| Price | $3,595,000 |
| 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 | 2018 |
| Building Size | 19,097 SF |
| Lot Size | CALL FOR DETAILS |
| Status | Sold |
| Lead Broker Information | Michael T. Yuras, CCIM Executive Managing Director 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 Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Cushman and Wakefield Inc. LIC. # 00616335 This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial. |
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
» 10% 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 PRIMARY RETAIL CORRIDOR
» Excellent visibility and access to 16,300 vehicles per day on U.S. Route 27, one of the region’s primary thoroughfares
» Directly across from Walmart Supercenter and adjacent to Home Depot
» Located in major shopping complex, with several pad sites open for future retail development
CLOSE PROXIMITY TO MAJOR SCHOOLS AND EMPLOYERS
» Next to an industrial park that is home to some of the region’s largest employers, including AT&T’s Cedartown call center, which houses over 400 employees
» Other notable employers—including The Hon Company, with 800 employees—are located just minutes away
» Near Cedartown Middle School (979 students) and Cedartown High School (1,122 students)
NEW 2018 BUILT-TO-SUIT CONSTRUCTION
» High-quality construction completed in early 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
Property Description
SOLD
The property is conveniently located on U.S. Route 27, one of the region’s primary thoroughfares, with excellent visibility and access to 16,300 vehicles per day directly in front of the property. Located in a major retail corridor, the property is directly across from Walmart Supercenter and adjacent to Home Depot. Other tenants in the immediate area include McDonald’s, Papa John’s, Zaxby’s, RadioShack, Dollar Tree, Cato, and AT&T. In addition, several pad spaces are available around the property for future retail development.
The property is centrally located less than three miles from downtown Cedartown. The property is adjacent to an industrial park that is home to some of the region’s largest employers, including AT&T’s Cedartown call center, which houses over 400 employees. Other notable employers—including The Hon Company, with 800 employees—are located just minutes away. Several schools are located nearby, including Cedartown Middle School (979 students) and Cedartown High School (1,122 students). The property is also close to recreational areas, like Cherokee Golf and Country Club, and residential neighborhoods.
