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Tractor Supply Company, Calimesa, CA

Tractor Supply Company

CA, USA

Price $6,475,000
Cap Rate CALL FOR DETAILS
NOI CALL FOR DETAILS
Lease Term 15 Years
Lease Type
Rental Increases CALL FOR DETAILS
Year Built 2017
Building Size 18,800 SF Plus 15,000 SF Fenced Outdoor Display
Lot Size 4.07 Acres (177,289 SF)
Status Sold
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vince Aicale
Executive Director
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 for 15 years with four 5-year options
» 5% rental increases every five years, providing a hedge against inflation
» Tractor Supply is a Fortune 500 company with revenues of $8.2 billion in 2015
» Nearly 1,600 stores across 49 states and growing

HIGH-TRAFFIC, FREEWAY-VISIBLE LOCATION
» Located at signalized hard corner with excellent access to 14,500 vehicles per day at the intersection
» Visible from Interstate 10 – 95,000 AADT
» Prime location at intersection of two of Calimesa’s major thoroughfares and adjacent to Calimesa’s major retail shopping center anchored by Stater Bros. Markets

INLAND EMPIRE LOCATION WITH ROBUST DEMOGRAPHICS
» Southern California’s fastest growing region, predicted to add more than 60,000 people per year through 2040
» Four major subdivisions planned and under construction for Calimesa, adding thousands of new homes
» Population of 651,764 within a fifteen-mile radius of Tractor Supply Company, providing a robust customer base
» Average household incomes of nearly $84,000 within a five-mile radius of Tractor Supply Company

NEW 2017 BUILT-TO-SUIT CONSTRUCTION
» Built to Tractor Supply Company’s exact specifications
» Features latest Tractor Supply Company store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs
» Features fenced outdoor sales area and large parking lot with ample on-site parking

CLICK HERE TO DOWNLOAD CONFIDENTIALITY AGREEMENT


Property Description

SOLD

The property is located at the signalized hard corner of Calimesa Boulevard and West Avenue L, two major transportation corridors, with excellent visibility and access to approximately 14,500 vehicles per day at the intersection. Additionally, the parcel is visible to 95,000 vehicles per day on Interstate 10, a major highway connecting Calimesa to downtown Los Angeles. Multiple retailers are near the site, including Walgreens, Dollar General, Denny’s, Starbucks, and Slater Bros. Markets, which anchors a large shopping center.

The property benefits from its close proximity to Calimesa’s existing residential neighborhoods, as well as new residential developments currently under construction in Calimesa’s southernmost areas. Additionally, the location provides minimal competition as the closest Tractor Supply Company location is in Hemet, over 20 miles away. With a large population of 253,142 within a ten-mile radius, the location provides a strong customer base for Tractor Supply.

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