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480 N Mill St
Tehachapi, CA 93561

Tractor Supply Co · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
19,500 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
1.06 AC
Zoning
C-2
Parking
77 Spaces (3.95 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility

About 480 N Mill St , Tehachapi, CA 93561

Marcus & Millichap is pleased to present this exclusive investment opportunity for the fee simple interest in an outstanding net leased Tractor Supply Company in the farming and agricultural community of Tehachapi, California. New build-to-suit construction in 2014, the initial term of the corporately guaranteed, 15 Year lease does not expire until March of 2029 and features four, five-year options thereafter. The lease provides for 10% rental increases every five years in the initial term as well as the option periods. The next rental increase is effective in April 2019. The Subject Tractor Supply Co. is located 4,000 feet above sea level in the Tehachapi Mountains of California. Conveniently located with easy access to many larger markets, major transportation hubs and expanding industry and is considered the jewel of Kern County. Tehachapi is home to a highly-educated workforce and is located just a few miles from the nation' s largest windfarm, the only spaceport, and several major solar projects. With a population of 37,679 residents and a growth forecast to 47,691 in 2020, Tehachapi is the 10th fastest growing retail market in the State of California. The Subject Tractor Supply is able to draw business not only from Tehachapi residents but also from the many smaller farming communities surrounding the location. The Great Central Valley Farming Region is one of the most productive regions on Earth.

PROPERTY TAXES

  • Listing ID: 8224856

  • Date on Market: 2017-07-19

  • Last Updated:

  • Address: 480 N Mill St, Tehachapi, CA 93561