Tractor Supply Co | 10 Years Remaining
1805 W Court St Winnfield, LA
Price: $3,550,000
Status: Sold
Cap Rate: Contact Broker
Year Built: 2015
NOI: Contact Broker
Lot Size: 4.25 acres
Price Per Foot: $185
Lease Type: Double-Net (NN)
Remaining Term: 10+ Years
GLA: 19097 sqft
Property Intro
Lee & Associates in conjunction with Louisiana broker Rod Noles (license BROK.0000019413.A-ASA) is pleased to exclusively offer for sale the fee simple interest (land & building) in a Tractor Supply Co. investment property located in Winnfield, Louisiana (the “Property”). Built in 2015, the Property consists of a 19,097-square-foot building that sits on an approximately 4.25-acre parcel.
investment highlights
- STRONG CORPORATE LEASE: TRACTOR SUPPLY CO (NASDAQ: TSCO) • REPORTED REVENUE OF $8.35B FOR 2019
- Headquartered in Brentwood, Tennessee, Tractor Supply Company (NASDAQ: TSCO) is the largest operator of rural lifestyle retail stores in the United States, operating 2,043 retail stores in 49 states, including 1,863 Tractor Supply stores and 180 Petsense pet specialty stores, and employing more than 33,000 team members. Tractor Supply is a leading-edge retailer, reporting annual revenues of approximately $8.35 billion with a $1.56 billion net worth.
- ESSENTIAL NEEDS-BASED RETAILER • RESISTANT TO COVID-19 GOVERNMENT MANDATED SHUT-DOWN • RECENT SAME-DAY DELIVERY PARTNERSHIP
- As an essential, needs-based retailer, Tractor Supply Company stores have continued to be open throughout the recent Covid-19 stay-at-home orders. Recently, the company expanded its tie-up with Roadie (SEE PAGE 20), which helped it launch same-day delivery across all of its 1,863 U.S. stores. Notably, this makes Tractor Supply the nation’s first general merchandise retailer offering same-day delivery across all its outlets.
- NEWER BUILD TO SUIT FOR TRACTOR SUPPLY • LONG TERM NET LEASE • 10% RENT GROWTH EVERY 5 YEARS
- The subject property is a newer build-to-suit for Tractor Supply built in late 2015. There are over 10 years remaining on the 15-year lease which commenced in December 2015. The lease also features 10% rent increases every five years in the Primary Term and (4) 5-year options, offering an investor a long-term and passive investment. Additionally, the building has a 20-year weathertight roof warranty with 15 years remaining.
- MAJOR TRAVEL CORRIDOR ALONG HWY 167 • EXCELLENT VISIBILITY & SIGNAGE • HOME TO MAJOR RETAILERS WALMART, DOLLAR GENERAL, AUTOZONE
- The subject property is located along Highway 167, which offers excellent visibility to 12,000 cars per day and easy in/out access to the property. This corridor features major retailers including Walmart Supercenter, Burger King, Dollar General, Brookshire’s, Family Dollar, O’Reilly, and AutoZone, as well as restaurants such as McDonald’s, Burger King, Pizza Hut, Subway, Sonic, and others.
- LOCATED IN WINNFIELD • IN THE HEART OF THE KISATCHIE NATIONAL FOREST • SPORTSMAN’S PARADISE
- The subject property is located in Winnfield, in Winn Parish, in north central Louisiana. Situated in the heart of the Kisatchie National Forest, the city is surrounded by beautiful pine forests and cypress-lined bayous and streams, offering many outdoor recreational opportunities to enjoy within a short drive. Residents enjoy its small town atmosphere, modern conveniences and proximity to large cities and educational institutions. Visitors revel in its many outdoor activities like hiking, hunting, fishing and camping, as well as its tourist attractions and museums. Retirees appreciate its wonderful climate, its many annual festivals, its low cost of living and its state-of-the-art hospitals and care facilities.
Winn Parish has some of the most scenic natural settings in the South and the area is truly a “Sportsman’s Paradise”, offering some of the best whitetail deer hunting in the state. Winn Parish is located in the heart of the Kisatchie National Forest where the Gum Springs Horse Trail is located, and the city of Winnfield is home of the Louisiana Forest Festival.
listing agents
