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Tractor Supply Company, Angleton, TX

Tractor Supply Company

Price $4,970,000
Cap Rate CALL FOR DETAIL
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 2016
Building Size 21,702 SF
Lot Size 6.20 acres (270,159 SF)
Status Available
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

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

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 an excellent hedge against inflation
» Tractor Supply is a Fortune 500 company with revenues of $6.8 billion

HIGH-TRAFFIC LOCATION WITH CONVENIENT FREEWAY ACCESS
» Excellent visibility and access to 18,967 vehicles per day directly in front of the site on North Velasco Street
» Velasco Street serves as Angleton’s primary retail corridor, and nearby retailers include Walmart Supercenter, Kroger, and Dollar Tree
» Convenient access to Highway 288 (39,184 AADT), located approximately one mile away

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Centrally located approximately two miles from downtown Angleton
» Close to several schools, including Angleton High School (1,965 students), Angleton Junior High School (1,490 students), and Frontier Elementary School (351 students)
» Near the 62-bed Angleton Danbury Medical Center, which has 230 employees
» Within walking distance of Benchmark Electronics, which employs 274 people
» Minutes from the Brazoria County Fairgrounds, home to Texas’s largest county fair, attracting approximately 250,000 people each year
» 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 locations

HIGH-QUALITY BUILT-TO-SUIT CONSTRUCTION
» 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 on North Velasco Street, with excellent visibility and access to 18,967 vehicles per day directly in front of the site. The property has convenient access to Highway 288 (39,184 AADT), located approximately one mile away. Velasco Street serves as Angleton’s primary retail corridor, and the property is close to several national tenants. Notable retailers near the property include Walmart Supercenter, Dollar Tree, Kroger, McDonald’s, Sherwin-Williams, and more. The property is also less than two miles from retailers located in downtown Angleton.

The property is close to several schools, including Angleton High School (1,965 students), Angleton Junior High School (1,490 students), and Frontier Elementary School (351 students). The property is also close to the 62-bed Angleton Danbury Medical Center, which has 230 employees. Another large employer located nearby is Benchmark Electronics, which employs 274 people within walking distance of the property. The property is also just minutes from the Brazoria County Fairgrounds, home to Texas’s largest county fair, attracting approximately 250,000 people each year. Additionally, the property is surrounded by farm and ranch land, as well as residential neighborhoods. 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.

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