Tractor Supply Co. - Capital...

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TRACTOR SUPPLY 15-YEAR CORPORATE TENANT HARDINSBURG, KY CLICK HERE TO EXECUTE CONFIDENTIALITY AGREEMENT FOR FULL MARKETING PACKAGE

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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AC

CE

SS

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CE

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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