2169 W Bobo Newsom Hwy - Freestanding FOR SALE


Hartsville, SC 29550
$5,718,000 USD
949-506-2009
2169 W Bobo Newsom Hwy, Hartsville, SC for Sale
$5,718,000 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

2169 W Bobo Newsom Hwy
Hartsville, SC 29550


HIGHLIGHTS

  • New, build-to-suit construction (2023) with Tractor Supply’s latest prototype
  • Corporately guaranteed lease | Backed by investment-grade, BBB credit (S&P)
  • New, 15-year roof warranty to be transferred to Buyer, at Closing
  • 5% rental increases every 5 years throughout the initial term and options
  • Market share | This is the only Tractor Supply for a 16-mile radius
  • Affluent area | $117,218 average household income within a 1-mile radius

OVERVIEW

• New, build-to-suit construction (2023) with Tractor Supply’s latest prototype • Corporately guaranteed lease | Backed by investment-grade, BBB credit (S&P) • Ranked #291 on the 2023 Fortune 500 list • Tractor Supply (NASDAW: TSCO) is the largest rural lifestyle retailer in the U.S. • Operates 2,200+ stores across 49 states | Projected to open 80 stores in 2024 and 90 stores per year beginning in 2025 • $14.9B in total revenue in 2023, a 10.24% increase y-o-y • $28B market CAP as of 3/27/24 • Also owns PetSense | ±200 locations across 23 states • Limited Landlord responsibilities | Landlord is only responsible for roof, structure, and parking lot • New, 15-year roof warranty to be transferred to Buyer, at Closing • 5% rental increases every 5 years throughout the initial term and options • Excellent access and visibility from W Bobo Newsom Hwy which sees ±13,360 VPD • Market share | This is the only Tractor Supply for a 16-mile radius • Affluent area | $117,218 average household income within a 1-mile radius • Less than 4 miles from Sunoco’s global headquarters | 1,700+ employees • Less than 1.5 miles from Carolina Pines Regional Medical Center | 116-bed hospital • Less than 4 miles from Coker University | 1,100+ students

FOR SALE DETAILS

PRICE

$5,718,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Tractor Supply | 15-Yr | 5% Bumps Every 5

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

GC

APN/PARCEL ID

035-00-01-028

ASK ABOUT THIS PROPERTY

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.