Tractor Supply Co. - Capital...
Transcript of Tractor Supply Co. - Capital...
TRACTOR SUPPLY15-YEAR CORPORATE TENANTHARDINSBURG, KY
CLICK HERE TO EXECUTE CONFIDENTIALITY AGREEMENT FOR FULL MARKETING PACKAGE
BRAND NEW CONSTRUCTION10% RENTAL INCREASES IN YEAR 11 AND EVERY 5 YEARS THEREAFTERROBUST REGIONAL CUSTOMER BASEHARD CORNER LOCATION
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TRACTOR SUPPLY
BrokerCAP
$3,671,483PRICE
980 E HIGHWAY 60, HARDINSBURG, KY
15-year corporate lease with four 5-year options
Minimal Landlord responsibilities and a 20-year roof warranty
to minimize near term repairs
Hard corner at a signalized intersection along US Hwy 60
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
LEASABLE SF19,239 SF
LEASE EXPIRATION06/30/2032
LEASE TYPECORPORATE
LAND AREA4.50 Acres
YEAR BUILT2017
PARKING81 SPACES
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Overview
THE SUBJECT PROPERTY is located on a hard corner at a signalized intersection along US Hwy 60, which is visible to 9,621 vehicles per day. There are currently 63 Tractor Supply stores in Kentucky and an 833,000 square foot distribution center owned by Tractor Supply, exemplifying their commitment to the state. Since 2011, Tractor Supply has experienced considerable growth in stores, expanding from 1,085 to 1,738 by the end of 2016. Furthermore, they have selected 900 additional opportunities for new Tractor Supply sites throughout the U.S. Sales increased 9% in 2016 from the previous year, totaling $6.8 billion, and gross profit increased 8.5% to $2.33 billion.
Tractor Supply generates 51% of its net sales by selling livestock supplies and agriculture supplies making this agricultural based community an ideal place for the subject property to thrive. Hardinsburg’s economy is focused on becoming the nation’s frontrunner in tool manufacturing and agricultural development.
THE SURROUNDING RETAIL include several national retailers including Walmart, McDonalds, Hardee’s, Subway, and Save-A-Lot.
RICK [email protected]: 415.274.2709CA BRE# 01792433
Contact the team
IN CONJUNCTION WITH KY LICENSED BROKER: Steven ShafferPH: [email protected] BRE# 218433
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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Investment Highlights
60
60
259
259
259
261
992
60 259
60 259
BUS 60
S Main Street
3rd Street
2nd Street
Breckinridge County High
School
Breckinridge Middle School
Hardinsburg Elementary
St. Romauld School
BRECKINRIDGE COUNTY AIRPORT
H&R BLOCK
WILLOUGHBY LUMBER
HOMETOWN AUTO CENTER
DRAGWAY AUTO PARTS
CHINA KINGSMP LIQUORS
MIGUEL’S EL GALLO MEXICAN
CASH EXPRESS
GENTRY’S GENERAL STORE
BRUMFIELD MEATS & MORE
LOUISVILLE
HOUSING(11,237 RESIDENTS
10 MILES)
9,621 DAILY
Aerial
5This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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Zoomed-In AerialSurrounding Retail Aerial
OLD H
WY 60
HOUSING(11,237 RESIDENTS WITHIN 10 MILES)
DOWNTOWN HARDINSBURG(2 MILES, 6 MIN)
BRECKINRIDGE MEMORIAL HOSPITAL
9,621
DAILY
6This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
McDonalds Taco BellFiveStarWalmartSave-A-LotSubway
Hardee’s Big O TiresDairy QueenFirst State BankPizza HutDollar General
Advanced Auto PartsTaylor PharmacyU-HaulCecilian BankPrint Place
BUSINESS SUMMARY
KEY 3-MILE 5-MILES 10-MILES
TOTAL 3-MILE 5-MILES 10-MILES
Businesses 281 307 408
Employees 2,622 2,818 3,294
Residential Population 3,578 5,084 11,238
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Submarket Overview
RETAILERS IN CLOSE PROXIMITY INCLUDE:
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. CurrentRent
MonthlyRent
YearlyRent
Monthly Rent/FT
YearlyRent/FT
Tractor Supply 19,239 06/03/17 06/30/27
07/01/27 06/30/32
Option 1 07/01/32 06/30/37
Option 2 07/01/37 06/30/42
Option 3 07/01/42 06/30/47
Option 4 07/01/47 06/30/52
Totals: 19,239
Landlord responsible for roof, structure and parking lot replacement, there is a 20-year roof warranty in place
CLICK HERE TO EXECUTE CONFIDENTIALITY AGREEMENT FOR FULL MARKETING PACKAGE
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Rent Roll
81SPACES
19,239RENTABLE SF
4.50ACRES
This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
259 60
BUS 60
PYLON SIGN
FENCED OUTDOOR
DISPLAY AREA15,000 SF
PERMANENT TRAILER AND DISPLAY AREA3,000 SF
S H A R E D A C C E S SS H A R E D A C C E S S
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SS
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Site Plan
Tractor Supply is the largest operator of rural lifestyle retail stores in the United States. Headquartered in Brentwood, Tennessee, the company operates over 1,700 retail stores in 49 states and employs more than 24,000 team members. Its stock is traded on the NASDAQ exchange under the symbol “TSCO.”
Tractor Supply stores are located primarily in towns outlying major metropolitan markets in rural communities. The typical Tractor Supply store has about 16,000 square feet of selling space inside, with a similar amount of outside space.
ABOUT TRACTOR SUPPLY CO.
#41 - Interbrand’s list of Most Valuable U.S. Retail Brands (2014)#90 - Forbes’ list of World’s Most Innovated Companies (2015)
#46 - Forbes’ list of Most Valuable U.S. Retail Brands (2012)
TOTAL NUMBER OF LOCATIONS IN THE U.S..1,738
$6.78 BFY 2016 SALES
RANKINGS
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 10
Tenant Overview
POPULATION
3-MILE 5-MILES 10-MILES
2017 3,578 5,084 11,237
2017 HH INCOME
3-MILE 5-MILES 10-MILES
Average $47,964 $49,762 $51,672
TOP INDUSTRIES
EMPLOYER
Trade, Transportation and Utilities
Manufacturing
Construction
Financial Activities
Professional and Business Services THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS
IS OVER $49K
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
HARDINSBURG
LOUISVILLE(1 HR 18 MIN, 66 MILES)
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Demographics
HARDINSBURG, KENTUCKY
HARDINSBURG is a small rural community and county seat of Breckinridge County. As of the 2016 Census, Breckinridge County had an estimated population of 20,018. The county falls within a rural agricultural region, with major crops including burley tobacco, corn, wheat, timber, and livestock.
Hardinsburg is centrally located between three larger cities, Louisville to the northeast, Owensboro to the west, and Elizabethtown to the southeast, all within a one hour commute.
HARDINSBURG’S ECONOMY has historically been agriculture-based. While agriculture is a the largest component of the city’s economy, Hardinsburg is also home to the thriving Whitworth Tool company.
Whitworth Tool Inc., a full service precision machine shop, employs nearly 200 people and announced plans in February 2017 to invest $3.58 million in upgrading their Hardinsburg headquarters with new, advanced machinery.
ECONOMIC GROWTH
20,018
BRECKINRIDGE COUNTY POPULATION (ESTIMATED)
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
REPRESENTATIVE PHOTO
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Location Overview
We’d love to hear from you.
CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:
RICK [email protected]: 415.274.2709CA BRE# 01792433
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
IN CONJUNCTION WITH KY LICENSED BROKER: Steven ShafferPH: [email protected] KY BRE# 218433
JOE CACCAMOJOHN ANDREINI
ZANDY SMITH
DAVE LUCAS
RICK SANNER AARON SUSMAN
CHRIS KOSTANECKIZEB RIPPLE CHRIS PETERS
JACK NAVARRA
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