Tractor Supply Company,
Edna, TX Investment Summary
| Price | $4,213,000 |
| Cap Rate | CALL FOR DETAILS |
| NOI | CALL FOR DETAILS |
| Lease Term | 15 Years |
| Lease Type | Net, with Landlord Responsible for Roof, Structure, and Parking Lot Replacement |
| Rental Increases | CALL FOR DETAILS |
| Year Built | 2016 |
| Building Size | 21,702 SF |
| Lot Size | 4.01 Acres (174,676 SF) |
| Status | Sold |
| Lead Brokers | Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Cushman and Wakefield Inc. LIC. # 00616335 This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial. |
Investment Highlights
NET LEASE WITH SCHEDULED RENT INCREASES TO STRONG NATIONAL TENANT
» Leased to Tractor Supply Company for 15 years
» 5% rental increases every five years, providing a hedge against inflation
» Tractor Supply is a Fortune 500 company with revenues of $6.8 billion
HIGH-TRAFFIC LOCATION ON PRIMARY THOROUGHFARE
» Excellent visibility and access to 24,383 vehicles per day on U.S. Highway 59 South, the primary route between Edna and Victoria
» U.S. Highway 59 South will one day be upgraded and designated as Interstate 69, bringing considerable traffic to the area
» According to the Texas Department of Transportation, traffic on U.S. Highway 59 South is estimated to increase 75%—to 42,630 vehicles per day near the property—by 2035
CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Close proximity to notable retailers, including Walmart, Dollar General, H-E-B, Wells Fargo, O’Reilly Auto Parts, McDonald’s, and several car dealerships
» Near the 120-bed Southbrooke Manor Nursing and Rehabilitation Center, Edna’s three public schools, Jackson County Hospital District, and a number of outdoor recreational areas
» Surrounded by farms, ranches, residential neighborhoods, campsites, and popular hunting and fishing areas, representing a large portion of Tractor Supply’s target customers
2016 BUILT-TO-SUIT CONSTRUCTION
» Features latest Tractor Supply prototype, including fenced outdoor sales area and on-site parking
» New building, limiting near-term deferred maintenance or capital costs
» Located on large 4.01-acre parcel
CLICK HERE TO DOWNLOAD CONFIDENTIALITY AGREEMENT
Property Description
SOLD
The property is strategically located on U.S. Highway 59 South, the primary route between Edna and Victoria, with excellent visibility and access to 24,383 vehicles per day. U.S. Highway 59 South will one day be upgraded and designated as Interstate 69, which is currently under construction in several parts of the state. Upgrading this critical roadway is expected to bring considerable traffic to the area. According to the Texas Department of Transportation, traffic on U.S. Highway 59 South is estimated to increase 75%—to 42,630 vehicles per day near the property—by 2035.
Edna serves as Jackson County’s retail hub, and the property is close to many well-known tenants. Notable retailers in the surrounding area include Walmart, Dollar General, H-E-B, Wells Fargo, O’Reilly Auto Parts, McDonald’s, and several car dealerships. The property is centrally located just over a mile from downtown Edna and is close to the 120-bed Southbrooke Manor Nursing and Rehabilitation Center, Edna’s three public schools, Jackson County Hospital District, and a number of outdoor recreational areas. The property is also surrounded by farm and ranch land, as well as residential neighborhoods. Tractor Supply caters to farmers, ranchers, homeowners, campers, sportsmen, and outdoor enthusiasts, among others; the property’s proximity to residential neighborhoods, farms and ranches, and recreational sites provides a strong customer base for Tractor Supply.
