Monday, December 22, 2014

Tractor Supply Company :: Long-term Net Lease :: Brunswick, GA

Investment Highlights

Price: $4,164,000

Tenant: Tractor Supply Company (NASDAQ: TSCO) is the largest retail farm and ranch store chain in the United States. With more than 1,300 retail stores in 48 states, the company had a net worth in excess of $1.23B and produced impressive TTM Revenues of more than $5.54B
Long-Term Net Lease: 8.5 years remaining lease term with four 5-year options to renew
Attractive Rent Escalation: 10% rent increases every 5 years throughout the initial term and renewal option – Next bump occurs in June 2018
Strong Average Returns: Average return over initial term is equal to more than 7.40% 
Excellent Visibility: Ideally positioned with excellent frontage on both Old Jesup Highway and New Jesup Highway/Golden Isles Parkway (Traffic Count: 18,512 VPD), just 1.5 miles north of Interstate 95 which provides direct access to both Savannah, GA (70 miles) and Jacksonville, FL (65 miles). New Jesup Highway/Golden Isles Parkway serves as the area’s preeminent north-south thoroughfare which is also widely used to get to the beach and many Golden Isles resorts
Dominant Retail & Commercial Corridor: Approximately 3.2 MSF of retail, 1,830 multifamily units and a population of 37,995 within a 5-mile radius
Market: Brunswick, Georgia (MSA Population: 113,807) is a vibrant coastal city located directly on the Atlantic Intracoastal Waterway and supports a progressive economy largely based on tourism and logistics with a metropolitan GDP of $3.9 billion. The Brunswick MSA, which also consists of St. Simons Island, Sea Island, Jekyll Island, Brantley County and McIntosh County, is the twelfth largest MSA in Georgia

Additional Tags:
Triple Net Properties, tractor, Single Tenant Property, supply, 1031 Exchange, farm store, Single tenant net leased real estate investments, ranch store, off market triple net

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