Tractor Supply Company | Kinston, North Carolina

Retail

706 New Bern Rd Kinston, North Carolina
Price:
$ 7,874,000
Property Size:
22,364 sqft
Lot Size:
5.27 acres
Year Built:
2021/2022
Status:
Sale

CUTTING-EDGE TRACTOR SUPPLY PROTOTYPE DESIGN RETAIL STORE
The Property boasts Tractor Supply Company’s cutting edge prototype retail store design, which includes their brand new state-of-the-art outdoor garden center, TSC’s newly implemented “Buy-online-pickup-in-store (BOPIS)” drive through lane, along with the company’s brand new “Project Fusion” store layout: which is a redesign of the in-store layout that is targeted at enhancing the customer’s overall shopping
experience.

RELOCATION STORE WITHIN KINSTON MARKET
Tractor Supply Company had a prior location in the local area, and recently recommitted to the Kinston market through leasing this 15 year build-to-suit Subject Property. The Subject Property provides Tractor Supply with their latest prototype design, including the outdoor garden center and drive through lane. 100%

LEASED AND GUARANTEED BY TRACTOR SUPPLY COMPANY
The Property is fully leased and guaranteed by Tractor Supply Company (Standard & Poor’s: BBB). Tractor Supply sits at #291 in the Fortune 500 and in the third quarter of 2021 saw its sixth consecutive quarter in which comparable store sales showed growth of more than 10%.

15 YEAR LEASE TERM WITH RENTAL INCREASES
Tractor Supply Company is operating under a long-term 15-year lease with minimal landlord obligations. There are 5% rental increases every 5 years throughout the primary term and at the beginning of each of the four option periods.

EXCEPTIONALLY WELL LOCATED WITHIN THE KINSTON MARKET
The Property is located in the heart of the Kinston NC market just off Hwy 70. The property is located directly across the street from Lenior Community College and within close proximity to other national retailers such as McDonalds, Hardees, Taco Bell, Advance Auto Parts, Walmart, Lowes, among others. Within 5 miles of the Property, the population is nearly 26,000 and an average household income of $110,000.

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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.

Exclusive Listing

Bert Sanders
404-926-1104

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