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Tractor Supply Company, Santa Fe, NM

Tractor Supply Company

NM, United States

Price $5,903,000
Cap Rate
NOI Call for Details
Lease Term 15 Years
Lease Type
Rental Increases Call for Details
Year Built 2013
Building Size 19,097 sq. ft. + 15,000 sq. ft. fenced outdoor sales area
Lot Size 2.971 Acres (129,416 sq. ft.)
Status Sold
Lead Broker Information Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

NET LEASE WITH SCHEDULED RENT INCREASES TO STRONG NATIONAL TENANT
» Leased to Tractor Supply Company for fifteen years
» 10% rental increases every five years, providing a hedge against inflation
» Tractor Supply is a Fortune 500 company with revenues of $6.2 billion

HIGH-TRAFFIC LOCATION JUST OFF OF BUSY INTERSECTION
» Great access and visibility to 29,655 vehicles per day on Airport Road – a major thoroughfare
» Traffic count of 43,643 AADT at the intersection of Airport Road and Veterans Memorial Highway

CLOSE PROXIMITY TO MAJOR RETAIL CENTERS
» Over 1 million square feet of retail is approximately three miles east of Tractor Supply on Airport Road

STRONG CUSTOMER BASE IN THE IMMEDIATE AREA
» Close proximity to residential neighborhoods and equestrian centers, representing some of Tractor Supply’s target customers
» Santa Fe is a popular destination for outdoor tourism and recreation; Tractor Supply carries products to support these activities

NEW BUILT-TO-SUIT CONSTRUCTION
» Built to Tractor Supply Company’s exact specifications
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located just off the busy intersection of Airport Road and Veterans Memorial Highway, with a traffic count of 43,643 vehicles per day at the intersection. Nearby tenants include Family Dollar, AutoZone, and O’Reilly Auto Parts. Approximately three miles east of the site on Airport Road are several large retail centers, anchored by JCPenney, Dillard’s, Sports Authority, Ross, Best Buy, T.J. Maxx, Michaels, and others.

Santa Fe Country Club, an 18-hole, championship golf course, is directly across from the property. Several equestrian centers are located within a five-mile radius of the site, providing a strong customer base for Tractor Supply. Additionally, the property is situated amongst residential neighborhoods; homeowners represent a large portion of Tractor Supply’s target customers.

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