for sale tractor supply co. · 2018. 9. 25. · svn | imbrie is please to exclusively offer for...
TRANSCRIPT
RYAN IMBRIE | MANAGING DIRECTOR [email protected]
O: 503.208.9403 | M: 503.705.7352
Lincoln Tower
10260 SW Greenburg Road, Suite 530
Portland, Oregon 97223
TRACTOR SUPPLY CO.1462 SW 4th Avenue, Ontario, OR 97914 www.svnimbrie.com
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
PROPERTY HIGHLIGHTS
• Seven (7) Years left on lease, landlord responsible for roof & structure.
• Four (4) Five (5) year option periods.
• National Credit Tenant.
FOR SALE
FOR FULL PACKAGE WITH FINANCIALS CLICK HERE
SVN | Imbrie is please to exclusively offer for sale to qualified investors the opportunity to
purchase a single-tenant Tractor Supply Co. located at 1497 Southwest 4th Ave in Ontario, Oregon
(the “Property”). The property is located 55 miles West of Boise and 3 miles from the Idaho
border.
West Park Plaza Mall was originally constructed in 1970 and beginning in 2016 a developer began
de-malling the property with the first renovation taking place on the West side of the mall for
Tractor Supply Co. The remodel included new demising walls, new HVAC and more. The property
was plotted on its own stand alone parcel and is being offered as a single tenant investment
property. Tractor Supply Co. occupies the 35,144 square foot building with 8,823 square feet of
fenced outdoor display yard on a 3.2 acre lot. The closest Tractor Supply Co. store to the Ontario
location is 32 miles away in Emmett, Idaho.
The virtue of being located in Oregon allows Idaho residents to drive across the state line and
shop in a sales tax free state. The Idaho sales tax rate is currently 6%. The Oregon location
distinctly benefits from this proximity to Idaho.
Tractor Supply executed a 10 year lease with a lease commencement on November 14, 2015 and
continues through November 30, 2025 with (4) - Five year options. Tractor Supply Co (NASDAQ:
TSCO) is the largest operator of rural lifestyle retail stores in the United States, operating over
1,700 retail stores in 49 states, and employing more than 24,000 team members. Recent annual
revenues for Tractor Supply are approximately $7.57 billion.
Sale Price: $2,450,000
Price per SF: $69.92 SF
Cap Rate: Call for More Details
Year Built: 1970/2016 Remodel
Building Size: 35,038 SF
Lot Size: 8.45 AC
Zoning: O-C2
Parcel Number: 2493
Submarket: Boise, ID-OR
PROPERTY INFORMATION | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ADDITIONAL PHOTOS | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
PROPERTY MAP | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
SUBJECT PROPERTY
SITE PLAN | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
SUBJECT PROPERTY
SITE PLAN | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
SUBJECT PROPERTY
AERIAL PHOTO | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
SW 4th
W Idaho
Ontario High School
Treasure Valley
Community College
SW 8th Avenue
Ontario Middle School
Ala
me
da
Drive
Su
nse
t Drive
Aiken Elementary School
Pa
rk B
ou
leva
rd
SE
12
th S
tree
t
DEMOGRAPHICS | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Demographics Data
1 Mile 3 Miles 5 Miles
Total Households 2,990 5,402 10,062
Total Population 7,378 14,484 29,841
Persons per Household 2.43 2.66 2.72
Average Household Income $54,779 $46,098 $44,631
Average House Value - $301,718 $279,369
Median Age 38.2 33.8 35.5
Median Age (Male) 42 39.6 38.0
Median Age (Female) 49 46.5 44.6
TENANT INFORMATION | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Tractor Supply Company www.tractorsupply.com Stock Ticker: TSCO (NASDAQ) Headquarters: Brentwood, Tennessee Number of Locations: 1,734 Tractor Supply Company (TSCO) is an American retail chain of stores that offers products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Founded in 1938 as a mail order tractor parts business, Tractor Supply Company (also referred to as TSC) owns and operates over 1,700 stores in 49 states supplying basic maintenance products to home, land, pet and animal owners. Based in Brentwood, Tenn., Tractor Supply is a public company whose stock is traded on The NASDAQ National Market under the symbol TSCO.
The company was founded in 1938 as a mail order catalog business offering tractor parts to America's family farmers. Today Tractor Supply is a leading edge retailer with annual revenues of approximately $7.26 billion.
Tractor Supply is continuing to grow with new stores and improved product offerings. The Tractor Supply mission and values motivate and inspire team members and give the organization a unified focus for the future.
ABOUT BOISE–MOUNTAIN HOME–ONTARIO, ID–OR MSA | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Boise–Mountain Home–Ontario, ID–OR
Combined Statistical Area is an area consisting of
seven counties in southwestern Idaho,
and Malheur County, Oregon anchored by the
cities of Boise and Nampa.
As of 2017, there are 709, 845 people in the MSA,
an increase of 15.1% from 2010. The metro area
is currently the third largest in the US section of
the Pacific Northwest after Seattle and Portland.
15.1%
Population Growth
(2010-2017)
$349,100
Median Home Value
709,845
2017 Population
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Top Employers
Micron Technology
Hewlett-Packard
Blue Cross Blue Shield Association
T-Mobile USA
DirecTV
Union Pacific Railroad
Teleperformance
DISCLAIMER | TRACTOR SUPPLY CO. | RETAIL | ONTARIO, OREGON
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be
used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written
consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other
person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the
person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information
contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property.
This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be
correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for
representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication
transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to
it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor
any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this
Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole
discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate
negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity
reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate
Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have
acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such
correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective
purchaser proceeds at its own risk.
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Lincoln Tower
10260 SW Greenburg Road, Suite 530
Portland, OR 97223
ph: 503.208.9400
www.svnimbrie.com
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
RYAN IMBRIE | MANAGING DIRECTOR
O: 503.208.9403 | M: 503.705.7352