Tractor Supply | Low Price Point | 519 N Madison St
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Tractor Supply | Low Price Point 519 N Madison St
36,962 SF 100% Leased Retail Building Chilton, WI 53014 $3,709,519 CAD ($100 CAD/SF) 6.65% Cap Rate
Investment Highlights
- Low Rent & Price Point Tractor Supply
Executive Summary
LOW RENT & PRICE POINT TRACTOR SUPPLY
• This Tractor Supply has a lower rent of $174,000 which equates to a lower price point compared to most Tractor Supply properties.
INVESTMENT GRADE TENANT
• Tractor Supply Company is the largest brick and mortar retailer serving recreational farmers, ranchers, homeowners, gardeners, and pet enthusiasts nationwide.
• Tractor Supply is a publicly traded (NYSE: TSCO) Fortune 500 company with an S&P investment grade credit rating of BBB.
• The company was founded in 1938, has 2,164 locations, and is headquartered in Brentwood, TN
• Annual Revenue (Fiscal Year 2022) exceeded $14.2 Billion
• Tractor Supply Co. also operates Petsense by Tractor Supply, a small-box pet specialty retailer providing products and services for pet owners. As of 2023, TSCO operates 189 Petsense by Tractor Supply stores in 23 states.
NEWLY RENOVATED TRACTOR SUPPLY | 10-YEAR CORPORATE LEASE WITH INCREASES
• The subject property is a 36,962 SF newly renovated Tractor Supply located in Chilton, WI.
• There are 9 years remaining on the 10-year corporate guaranteed NN Lease with Tractor Supply.
• Tenant is responsible for Taxes, CAM, Insurance, and HVAC.
• Landlord is responsible for roof, structure, and parking lot. The parking lot was repaved and a majority of the roof was replaced as a part of the renovation.
• There are 10% rent increases in each of the four, 5-year option periods.
NEAR GREEN BAY | 3RD MOST POPULOUS CITY IN WI
• Chilton is 35 miles south of downtown Green Bay on Hwy 32 (9,200 VPD)
• Green Bay is the 3rd most populous city in the state and is the county seat of Brown County.
• Known as the toilet paper capital of the world because 8,000 tons of paper is produced in Green Bay and the paper industry supports over 6,000 jobs in the county.
• Home to the 4x super bowl champions, the Green Bay Packers, who have an economic impact of $150 million per year.
• The University of Wisconsin-Green Bay has 8,970 students and 1,000 employees.
14 MANUFACTURING FACILITIES WITHIN A 2 MILE RADIUS
• Chilton is the county seat of Calumet County and is home to many national and international businesses from manufacturing, industrial, agricultural, and dairy products.
• There are 14 manufacturing facilities within a 2 mile radius of this Tractor Supply that support over 700 jobs.
• From 2020 to 2021, employment in Chilton, WI grew at a rate of 4.34%, from 2.08k employees to 2.17k employees.
• This Tractor Supply has a lower rent of $174,000 which equates to a lower price point compared to most Tractor Supply properties.
INVESTMENT GRADE TENANT
• Tractor Supply Company is the largest brick and mortar retailer serving recreational farmers, ranchers, homeowners, gardeners, and pet enthusiasts nationwide.
• Tractor Supply is a publicly traded (NYSE: TSCO) Fortune 500 company with an S&P investment grade credit rating of BBB.
• The company was founded in 1938, has 2,164 locations, and is headquartered in Brentwood, TN
• Annual Revenue (Fiscal Year 2022) exceeded $14.2 Billion
• Tractor Supply Co. also operates Petsense by Tractor Supply, a small-box pet specialty retailer providing products and services for pet owners. As of 2023, TSCO operates 189 Petsense by Tractor Supply stores in 23 states.
NEWLY RENOVATED TRACTOR SUPPLY | 10-YEAR CORPORATE LEASE WITH INCREASES
• The subject property is a 36,962 SF newly renovated Tractor Supply located in Chilton, WI.
• There are 9 years remaining on the 10-year corporate guaranteed NN Lease with Tractor Supply.
• Tenant is responsible for Taxes, CAM, Insurance, and HVAC.
• Landlord is responsible for roof, structure, and parking lot. The parking lot was repaved and a majority of the roof was replaced as a part of the renovation.
• There are 10% rent increases in each of the four, 5-year option periods.
NEAR GREEN BAY | 3RD MOST POPULOUS CITY IN WI
• Chilton is 35 miles south of downtown Green Bay on Hwy 32 (9,200 VPD)
• Green Bay is the 3rd most populous city in the state and is the county seat of Brown County.
• Known as the toilet paper capital of the world because 8,000 tons of paper is produced in Green Bay and the paper industry supports over 6,000 jobs in the county.
• Home to the 4x super bowl champions, the Green Bay Packers, who have an economic impact of $150 million per year.
• The University of Wisconsin-Green Bay has 8,970 students and 1,000 employees.
14 MANUFACTURING FACILITIES WITHIN A 2 MILE RADIUS
• Chilton is the county seat of Calumet County and is home to many national and international businesses from manufacturing, industrial, agricultural, and dairy products.
• There are 14 manufacturing facilities within a 2 mile radius of this Tractor Supply that support over 700 jobs.
• From 2020 to 2021, employment in Chilton, WI grew at a rate of 4.34%, from 2.08k employees to 2.17k employees.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
36,962 SF
Building Class
C
Year Built
2023
Price
$3,709,519 CAD
Price Per SF
$100 CAD
Cap Rate
6.65%
NOI
$246,640 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
3.79 AC
Frontage
Amenities
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 16689 | Improvements Assessment | $0 CAD |
| Land Assessment | $41,337 CAD | Total Assessment | $41,337 CAD |
PROPERTY TAXES
Parcel Number
16689
Land Assessment
$41,337 CAD
Improvements Assessment
$0 CAD
Total Assessment
$41,337 CAD
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Tractor Supply | Low Price Point | 519 N Madison St
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