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Tractor Supply Company, Buna, TX

Tractor Supply Company

Buna, TX

Price $3,771,000
Cap Rate CALL FOR DETAILS
NOI CALL FOR DETAILS
Lease Term 15 Years
Lease Type
Rental Increases CALL FOR DETAILS
Year Built 2015
Building Size 18,800 SF
Lot Size 3.79 Acres (165,005 SF)
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 15 years
» 10% rental increases every five years, providing a hedge against inflation
» Tractor Supply Company is a Fortune 500 company with revenues of $6.2 billion

HIGH-TRAFFIC LOCATION ON BUSY COMMUTER CORRIDOR
» Excellent visibility and access to 11,866 vehicles per day on U.S. Highway 96
» U.S. Highway 96 is the main route connecting Buna to population centers like Beaumont and Port Arthur and is a primary commuter corridor for Jasper County residents working in the Beaumont–Port Arthur MSA

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Immediate proximity to the STI Group’s pipe fabrication plant, which employs approximately 700 people
» The STI Group is one of the largest employers in Jasper County and has been recognized as one of the largest manufacturing employers in Texas
» Close proximity to residential neighborhoods, industrial operations, and popular hunting and fishing areas, representing a large portion of Tractor Supply Company’s target customers
» 44% of Tractor Supply Company’s store sales come from pets and livestock, which bodes well for rural locations

NEW 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

CLICK HERE TO DOWNLOAD CONFIDENTIALITY AGREEMENT


Property Description

SOLD

The property is conveniently located on U.S. Highway 96, with excellent access and visibility to 11,866 vehicles per day. U.S. Highway 96 is the main highway connecting Buna with population centers like Beaumont and Port Arthur and serves as a commuter route for residents of Jasper County who work in the Beaumont–Port Arthur metro area. The property is located near downtown Buna and several major retailers, including Ace Hardware, NAPA Auto Parts, Family Dollar, Sonic Drive-In, RadioShack, and Pizza Hut, among others. Additionally, the site is within walking distance of the STI Group’s pipe fabrication plant, which employs approximately 700 people. The STI Group has been recognized by Texas Wide Open for Business, Texas’s official economic development corporation, as one of the largest manufacturing employers in the state.

The site is surrounded by industrial and manufacturing companies, forest and woodland areas, and residential neighborhoods. Tractor Supply caters to farmers, ranchers, homeowners, campers, general contractors, sportsmen, and outdoor enthusiasts, among others; the property’s proximity to residential neighborhoods, industrial companies, and outdoor recreational sites provides a strong customer base for Tractor Supply.

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