Strong Corporate Lease: Tractor Supply Co (NASDAQ: TSCO) – $1.56B Net Worth – 2018 Revenue of $7.91B – Headquartered in Brentwood, Tennessee, Tractor Supply Company (NASDAQ: TSCO) is the largest operator of rural lifestyle retail stores in the United States, operating 1,790 retail stores in 49 states, and employing nearly 30,000 team members. Tractor Supply is a leading-edge retailer, reporting 2018 annual revenues of approximately $7.91 billion, net income of $532 million, and total stockholder equity of $1.56 billion.
Anchored by Super Target within 460,000-SF Orchard Stone Creek Shopping Center – Dense Trade Area (207,000+ People in 5-Mile Radius) – The subject property is located within the Orchard Stone Creek Shopping Center, a 460,000-square foot regional shopping center anchored by Super Target with co-tenants including Tractor Supply Company, Bank of America, Starbucks, Arco, UPS Store, iCare Urgent Care, and Juice It Up. In addition, there are plans for additional development and adding other major retailers including restaurants, a movie theatre, and more. Adjacent parcel to Tractor Supply is soon to be a new Fitness Club (contact agent for details).
Interstate 215 Visibility & Signage (93,000 CPD) at Clinton Keith Rd (21,000 CPD) Offramp – Future Extension to SR-79 – The Tractor Supply is located along Interstate 215, offering outstanding visibility to over 93,000 cars per day and 21,000+ cars per day along Clinton Keith Rd. This strategic location offers easy in/out access from multiple entrances via Clinton Keith Rd/McElwain Rd and offers proximity to nearly 100,000 residents within 5 miles, providing a strong customer base for the Tractor Supply.
Completely Renovated to Tractor Supply Specs – Strong Performing Store – Long Term Lease w/ Rent Growth – The subject property was originally built for Dixieline Lumber in 2007 and was completely renovated in 2014 to Tractor Supply specifications. The tenant has just under 10 years remaining on its 15-year lease which features 10% rent increases every five years in the Primary Term & Option periods, offering a buyer a long-term investment with steady rent growth. This is a strong performing store for Tractor Supply.
Major Travel Corridor – New Planned Retail Center Across I-215: Costco, 90-Room Hotel – Strong Customer Draw to the Trade Area – In addition to Tractor Supply Co and Target, Murrieta is home to national retailers Walmart, The Home Depot, Lowe’s, Kohl’s, Burlington, Marshalls, Ross Dress for Less, Dick’s Sporting Goods, Big 5 Sporting Goods, Famous Footwear, Best Buy, Bed Bath & Beyond, Albertsons, State Bros., Smart & Final, Cardenas, CVS/Pharmacy, Walgreens, BevMo, Staples, Office Depot, PetSmart, and Petco. A new Costco-anchored center is slated to be developed directly across Highway 215 from the Tractor Supply store.
Located in Murrieta – One of the Fastest Growing Cities in California – Proximity to Temecula Valley’s Wine Country – The subject property is located in Murrieta, in southwestern Riverside County. Typically characterized as a commuter town, many of its residents commute to jobs in San Diego County, Orange County, Los Angeles County, Temecula, and Camp Pendleton. Murrieta has seen explosive growth in the past decade, making it one of the fastest growing cities in the state. with several new retail developments, growing residential communities, and the extension of Clinton Keith Rd to SR-79 for improved east-west travel and quicker connection to French Valley Airport and the Temecula Valley.
Murrieta is minutes from the Temecula Valley Wine Country. With more than 40 wineries, Temecula Valley’s wine country offers boutique and full-service wine resorts that are friendly, relaxed and unpretentious. The region saw 3.1 million visitors in 2018, and was awarded as one of Wine Enthusiast’s 2019 Top 10 Wine Travel Destinations.