480 N Mill St
Tehachapi, CA 93561
Tractor Supply Co · Retail Property For Sale
PROPERTY FACTS
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
Parcel Numbers |
Multiple
|
Improvements Assessment | $6,741,111 |
Land Assessment | $1,975,259 | Total Assessment | $8,716,370 |
Listing ID: 8224856
Date on Market: 2017-07-19
Last Updated:
Address: 480 N Mill St, Tehachapi, CA 93561
The Retail Property at 480 N Mill St, Tehachapi, CA 93561 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.