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Tractor Supply Company, Jarrell, TX

Tractor Supply Company

Jarrell, TX

Price $4,645,000
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 2017
Building Size 21,702 SF
Lot Size 3.25 Acres (141,570 SF)
Status Under Contract
Lead Broker Information Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

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

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

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Texas-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
» 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 NEAR SIGNIFICANT DEVELOPMENTS
» Immediate access to Interstate 35, the region’s primary transportation corridor, which experiences a traffic volume of 72,822 vehicles per day near the property
» Located within Jarrell Town Center, a 46-acre development that will include a large convenience store and travel center, a grocery store, a pharmacy, a few restaurants and fast food chains, a hotel, professional offices, and additional retail stores upon completion
» Directly adjacent to a 107-acre subdivision that will feature approximately 13 acres of commercial property and more than 300 single family homes
» Near Sonterra , a 1,400-acre master planned community with over 6,000 homes

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Centrally located less than a mile from downtown Jarrell and near Jarrell High School (390 students), Jarrell Middle School (320 students), Jarrell Intermediate School (214 students), and Jarrell Elementary School (484 students)
» Close proximity to 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 locations

NEW 2018 BUILT-TO-SUIT CONSTRUCTION
» High-quality construction completed in 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

CLICK HERE TO DOWNLOAD CONFIDENTIALITY AGREEMENT


Property Description

The property is conveniently located on Town Center Boulevard with immediate access to Interstate 35, the region’s primary transportation corridor, which experiences a traffic volume of 72,822 vehicles per day near the property. The property is centrally located within Jarrell Town Center, a 46-acre development that will include a large convenience store and travel center, a grocery store, a pharmacy, a few restaurants and fast food chains, a hotel, professional offices, and additional retail stores upon completion. Current tenants in Jarrell Town Center include Sun Fresh Market, Shell, Quiznos, Pizza Inn, and Daylight Donuts, amongst others.The property is also close to several retailers along Interstate 35, including McDonald’s, Denny’s, and Dollar General.

The property is directly adjacent to a 107-acre subdivision that will feature approximately 13 acres of commercial property and more than 300 single family homes. Additionally, the property is near Sonterra, a 1,400-acre development that is slated to have over 6,000 homes when fully built out. The property is also centrally located less than a mile from downtown Jarrell and near several schools, including Jarrell High School (390 students), Jarrell Middle School (320 students), Jarrell Intermediate School (214 students), and Jarrell Elementary School (484 students). The site is also surrounded by farm and ranch land, as well as residential neighborhoods. Tractor Supply caters to farmers, ranchers, homeowners, campers, sportsmen, and outdoor enthusiasts, among 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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