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Tractor Supply Company, Livingston, TN

Tractor Supply Company

Livingston, TN

Price $1,958,000
Cap Rate CALL FOR DETAILS
NOI CALL FOR DETAILS
Lease Term CALL FOR DETAILS
Lease Type Net, with Landlord Responsible for Roof, Structure, and Parking Lot Replacement
Rental Increases CALL FOR DETAILS
Year Built 10 Years
Building Size 35,538 SF
Lot Size CALL FOR DETAILS
Status Available
Lead Broker Information

Investment Highlights

NET LEASE WITH SCHEDULED RENT INCREASES TO STRONG NATIONAL TENANT
» Leased to Tractor Supply Company (NASDAQ: “TSCO”) for 10 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 $6.8 billion

HIGH-TRAFFIC LOCATION IN PRIMARY RETAIL CORRIDOR
» Excellent visibility and access to 23,320 vehicles per day on Cookeville Highway
» Located in Livingston’s primary retail corridor and surrounded by notable national tenants

CLOSE PROXIMITY TO MAJOR SCHOOLS AND EMPLOYERS
» Minutes away from all five of Livingston’s schools: Livingston Middle School (351 students), Roberts Elementary (478 students), Livingston Academy (916 students), Tennessee College of Applied Technology Livingston (2,323 students), and Volunteer State Community College Livingston Campus (281 students)
» Near the 114-bed Livingston Regional Hospital, which has 318 employees
» Within walking distance of two large industrial parks, which are home to major employers like Hutchinson FTS (464 employees), INOAC (179 employees), and Parker Hannifin (225 employees), providing a strong customer base

EXTENSIVE 2017 REMODEL
» Extensive remodel completed in late 2017
» 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 parkings

CLICK HERE TO DOWNLOAD CONFIDENTIALITY AGREEMENT


Property Description

The property is conveniently located just off of the intersection of Monterey Highway and Cookeville Highway, with excellent visibility and access to 23,320 vehicles per day. Cookeville Highway is Livingston’s primary retail corridor, and the property is close to several notable retailers, including Dollar General Market, Verizon, Taco Bell, McDonald’s, Advance Auto Parts, Ace Hardware, Walgreens, Fred’s, and Hardee’s, amongst many others.

Located less than two miles from downtown Livingston, the property is close to a number of schools and major employers. The property is just minutes away from all five of Livingston’s schools: Livingston Middle School (351 students), Roberts Elementary (478 students), Livingston Academy (916 students), Tennessee College of Applied Technology Livingston (2,323 students), and Volunteer State Community College Livingston Campus (281 students). The property is also a short distance from the 114-bed Livingston Regional Hospital, which has 318 employees. Additionally, the property is within walking distance of two large industrial parks, which are home to major employers like Hutchinson FTS (464 employees), INOAC (179 employees), and Parker Hannifin (225 employees), providing a strong customer base.

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