Tractor Supply Company
CUTTING EDGE TRACTOR SUPPLY PROTOTYPE DESIGN RETAIL STORE
The Subject Property boasts TSCO’s cutting edge prototype retail store design, which includes their brand new state-of-the-art outdoor garden center, along with their newly implemented “Buy-online-pickup-in-store (BOPIS)” drive through lane. Additionally, the Subject Property includes the brand new “Project Fusion” store layout, which is a redesign of the in-store layout and is targeted at enhancing the customer’s overall shopping experience.
100% LEASED AND GUARANTEED BY TRACTOR SUPPLY COMPANY
The Subject Property is fully leased and guaranteed by Tractor Supply Company (Standard & Poor’s: BBB). As of March 31, 2021, Tractor Supply has moved up 89 spots in the Fortune 500 to #291 and is experiencing tremendous growth in store counts and financial metrics.
PROMINENT LOCATION IN HIGHLY DESIRABLE MYRTLE BEACH, SOUTH CAROLINA
Myrtle Beach is a high growth market with the population growing nearly 35% over the past 10 years. From the years 2017-2019, the Myrtle Beach MSA was the 2nd fastest growing MSA in the United States, and the growth trend is continuing. Within 3-miles of the Subject Property, the population has grown 108% over the past 20 years.
15 YEAR PRIMARY LEASE TERM
Tractor Supply Company signed a new highly passive 15-year lease with additional options to extend. There are contractual 5% rental increases every 5 years throughout the lease term and in the option periods.
You must be a registered user in order to download the Offering memorandum for this property.
The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.