Investment Summary
Price | $3,771,000 |
Cap Rate | CALL FOR DETAILS |
NOI | CALL FOR DETAILS |
Lease Term | 15 Years |
Lease Type | |
Rental Increases | CALL FOR DETAILS |
Year Built | 2015 |
Building Size | 18,800 SF |
Lot Size | 3.79 Acres (165,005 SF) |
Status | Sold |
Lead Brokers | Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 |
Investment Highlights
NET LEASE WITH SCHEDULED RENT INCREASES TO STRONG NATIONAL TENANT
» Leased to Tractor Supply Company for 15 years
» 10% rental increases every five years, providing a hedge against inflation
» Tractor Supply Company is a Fortune 500 company with revenues of $6.2 billion
HIGH-TRAFFIC LOCATION ON BUSY COMMUTER CORRIDOR
» Excellent visibility and access to 11,866 vehicles per day on U.S. Highway 96
» U.S. Highway 96 is the main route connecting Buna to population centers like Beaumont and Port Arthur and is a primary commuter corridor for Jasper County residents working in the Beaumont–Port Arthur MSA
STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Immediate proximity to the STI Group’s pipe fabrication plant, which employs approximately 700 people
» The STI Group is one of the largest employers in Jasper County and has been recognized as one of the largest manufacturing employers in Texas
» Close proximity to residential neighborhoods, industrial operations, and popular hunting and fishing areas, representing a large portion of Tractor Supply Company’s target customers
» 44% of Tractor Supply Company’s store sales come from pets and livestock, which bodes well for rural locations
NEW BUILT-TO-SUIT CONSTRUCTION
» Built to Tractor Supply Company’s exact specifications
» Features latest Tractor Supply Company store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs
CLICK HERE TO DOWNLOAD CONFIDENTIALITY AGREEMENT
Property Description
SOLD
The property is conveniently located on U.S. Highway 96, with excellent access and visibility to 11,866 vehicles per day. U.S. Highway 96 is the main highway connecting Buna with population centers like Beaumont and Port Arthur and serves as a commuter route for residents of Jasper County who work in the Beaumont–Port Arthur metro area. The property is located near downtown Buna and several major retailers, including Ace Hardware, NAPA Auto Parts, Family Dollar, Sonic Drive-In, RadioShack, and Pizza Hut, among others. Additionally, the site is within walking distance of the STI Group’s pipe fabrication plant, which employs approximately 700 people. The STI Group has been recognized by Texas Wide Open for Business, Texas’s official economic development corporation, as one of the largest manufacturing employers in the state.
The site is surrounded by industrial and manufacturing companies, forest and woodland areas, and residential neighborhoods. Tractor Supply caters to farmers, ranchers, homeowners, campers, general contractors, sportsmen, and outdoor enthusiasts, among others; the property’s proximity to residential neighborhoods, industrial companies, and outdoor recreational sites provides a strong customer base for Tractor Supply.