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Tractor Supply Company, Oakhurst, CA

Tractor Supply Company

Price $6,771,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type Net, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Excluding Roof, Structure, and Parking Lot
Rental Increases CALL FOR DETAILS
Year Built 2020
Building Size 18,800 SF
Lot Size CALL FOR DETAILS
Status Sold
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

NEW 15-YEAR NET LEASE WITH SCHEDULED RENTAL INCREASES TO STRONG NATIONAL TENANT
» Leased to Tractor Supply Company (NASDAQ: “TSCO”) for 15 years, plus four five-year option periods
» 5% rental increases in option periods, providing a hedge against inflation
» Tractor Supply is a Fortune 500 company with revenues exceeding $8.3 billion

HIGH-VISIBILITY LOCATION IN GROWING CALIFORNIA MARKET
» High-visibility location on Golden Chain Highway with 7,100 vehicles per day directly in front of the location
» Located along State Route 49, a major north-south California thoroughfare connecting 11 counties
» One mile from State Route 41 (21,300 AADT), increasing traffic to the site
» Projected 19 percent AAHI increase within a five-mile radius of the site in the next five years, poising Oakhurst for explosive concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND NATIONAL TOURIST ATTRACTIONS

» Neighbored by Oakhurst’s primary healthcare provider, Kaiser Permanente Oakhurst Medical Offices
» Surrounded by several national retailers, including True Value Home Center, McDonald’s, Jack in the Box, Taco Bell, Round Table Pizza, Starbucks, Grocery Outlet, Raley’s, and many more, promoting crossover shopping to the location
» 1.5 miles from Oakhurst Community College (1,050 students), with the new $25 million Oakhurst Community College Center due to open on schedule in 2022
» Gateway to major tourist attractions and recreational areas including Yosemite National Park to the north and Sierra National Forest to the east (combined 4.6 million annual visitors)

NEW 2020 BUILT-TO-SUIT CONSTRUCTION
» High-quality construction due to be completed in mid-2020
» 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


Property Description

SOLD

The property has an easily accessible location on State Route 49, known as the Golden Chain Highway. State Route 49 is a major north-south California thoroughfare connecting 11 counties giving the high-visibility site convenient access to 7,100 vehicles per day passing directly in front of the site. The location is also one mile from State Route 41 (21,300 AADT), significantly increasing traffic to the site. The location is primed to grow along with the surrounding area, with a projected 19 percent average annual household income increase within five miles of the site in the next five years. Visibility and traffic to the site is greatly increased by its central location near large employers, retailers, and national tourist attractions. The property is neighbored by Oakhurst’s primary healthcare provider, Kaiser Permanente Oakhurst Medical Offices. The site is also surrounded by several national retailers, including True Value Home Center, McDonald’s, Jack in the Box, Taco Bell, Round Table Pizza, Starbucks, Grocery Outlet, Raley’s, and many more, promoting crossover shopping to the location. The property resides 1.5 miles from Oakhurst Community College (1,050students), with the new $25 million Oakhurst Community College Center due to open on schedule in 2022. The location also serves as a common gateway to major tourist attractions and recreational areas, including Yosemite National Park to the north and Sierra National Forest to the east, which welcome a combined 4.6 million annual visitors.

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