New Tractor Supply | 15-Yr | 5% Bumps Every 5 | 2169 W Bobo Newsom Hwy
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New Tractor Supply | 15-Yr | 5% Bumps Every 5 2169 W Bobo Newsom Hwy
22,433 SF Retail Building Hartsville, SC 29550 $8,105,093 CAD ($361 CAD/SF) 6% Cap Rate
Investment Highlights
- New, build-to-suit construction (2023) with Tractor Supply’s latest prototype
- New, 15-year roof warranty to be transferred to Buyer, at Closing
- Market share | This is the only Tractor Supply for a 16-mile radius
- Corporately guaranteed lease | Backed by investment-grade, BBB credit (S&P)
- 5% rental increases every 5 years throughout the initial term and options
- Affluent area | $117,218 average household income within a 1-mile radius
Executive Summary
• New, build-to-suit construction (2023) with Tractor Supply’s latest prototype
• Corporately guaranteed lease | Backed by investment-grade, BBB credit (S&P)
• Ranked #291 on the 2023 Fortune 500 list
• Tractor Supply (NASDAW: TSCO) is the largest rural lifestyle retailer in the U.S.
• Operates 2,200+ stores across 49 states | Projected to open 80 stores in 2024 and 90 stores per year beginning in 2025
• $14.9B in total revenue in 2023, a 10.24% increase y-o-y
• $28B market CAP as of 3/27/24
• Also owns PetSense | ±200 locations across 23 states
• Limited Landlord responsibilities | Landlord is only responsible for roof, structure, and parking lot
• New, 15-year roof warranty to be transferred to Buyer, at Closing
• 5% rental increases every 5 years throughout the initial term and options
• Excellent access and visibility from W Bobo Newsom Hwy which sees ±13,360 VPD
• Market share | This is the only Tractor Supply for a 16-mile radius
• Affluent area | $117,218 average household income within a 1-mile radius
• Less than 4 miles from Sunoco’s global headquarters | 1,700+ employees
• Less than 1.5 miles from Carolina Pines Regional Medical Center | 116-bed hospital
• Less than 4 miles from Coker University | 1,100+ students
• Corporately guaranteed lease | Backed by investment-grade, BBB credit (S&P)
• Ranked #291 on the 2023 Fortune 500 list
• Tractor Supply (NASDAW: TSCO) is the largest rural lifestyle retailer in the U.S.
• Operates 2,200+ stores across 49 states | Projected to open 80 stores in 2024 and 90 stores per year beginning in 2025
• $14.9B in total revenue in 2023, a 10.24% increase y-o-y
• $28B market CAP as of 3/27/24
• Also owns PetSense | ±200 locations across 23 states
• Limited Landlord responsibilities | Landlord is only responsible for roof, structure, and parking lot
• New, 15-year roof warranty to be transferred to Buyer, at Closing
• 5% rental increases every 5 years throughout the initial term and options
• Excellent access and visibility from W Bobo Newsom Hwy which sees ±13,360 VPD
• Market share | This is the only Tractor Supply for a 16-mile radius
• Affluent area | $117,218 average household income within a 1-mile radius
• Less than 4 miles from Sunoco’s global headquarters | 1,700+ employees
• Less than 1.5 miles from Carolina Pines Regional Medical Center | 116-bed hospital
• Less than 4 miles from Coker University | 1,100+ students
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
22,433 SF
Building Class
B
Year Built
2023
Price
$8,105,093 CAD
Price Per SF
$361 CAD
Cap Rate
6%
NOI
$486,327 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
4.00 AC
Zoning
GC - General Commercial
Parking
60 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
374 ft on W Bobo Newsom Hwy
Amenities
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Tractor Supply Co
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Tractor Supply Co | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 035-00-01-028 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $581 CAD |
PROPERTY TAXES
Parcel Number
035-00-01-028
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$581 CAD
Contacts
-
Calvin Short -
Matt Coates -
Aron Cline -
Gary Chou -
Rad Werssowetz -
Berkeley Capital Advisors
1 of 4
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New Tractor Supply | 15-Yr | 5% Bumps Every 5 | 2169 W Bobo Newsom Hwy
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