Tractor Supply Company
Tractor Supply Company | 10.5 Year Lease | Washington State | Rental Increases
Marketing description
The CUSHMAN & WAKEFIELD Net Lease Group is pleased to present a 36,573 +/- single-story retail building leased to Tractor Supply Company on a 1.27 +/- acre lot in Aberdeen, Washington.
Originally built in 1994 and remodeled for Tractor Supply in 2016, the single-story concrete block building comes equipped with a fenced outdoor display area and ample on-site parking within the center.
The property is the only Tractor Supply store within 47 miles of Aberdeen and is situated in the Olympic Gateway Plaza. Tenants in the area include Walmart Supercenter, Marshalls, Ross, Staples, McDonald’s, Big 5, Safeway, Goodwill, and Subway.
Aberdeen continues to function as the financial hub of the Grays Harbor region. Aberdeen and the rest of Grays Harbor remain dependent on the timber, fishing industries, tourism, and as a regional service center for much of the Olympic Peninsula. Tourism now plays an important role in the economy as Aberdeen, along with its neighboring city Hoquiam, provides a gateway to the Pacific Coast and the Olympic National Park. A new mix of retail, different industries, and tourism offers a new kind of future, one that Aberdeen is embracing.
In cooperation with Pat Mutzel, a licensed WA agent with Cushman & Wakefield.
Investment highlights
- Recently extended lease with approximately 10.5 years remaining and fixed 5% rent increases every five years
- Publicly traded tenant (NASDAQ: TSCO) with a market capitalization of over $28 billion
- S&P investment-grade credit rating of BBB with a “stable” outlook
- Net lease structure with limited landlord responsibilities
- Largest rural lifestyle retail chain in the United States with a well-diversified national footprint
- Consistent revenue growth and strong profitability supported by recurring demand for essential rural lifestyle products
- 2,400 Tractor Supply stores nationwide, reflecting a long history of unit expansion
- Broad customer base including recreational farmers, ranchers, tradesmen, and homeowners, reducing reliance on any single segment
- Resilient business model supported by needs-based merchandise categories such as pet, livestock, hardware, and maintenance products
- Concrete block construction
- Secured fenced outdoor sales area
- Part of Walmart Supercenter/Marshalls shopping center
- Average household income of $79,855 within 7 miles
- Only Tractor Supply store within 47 miles of Aberdeen
- Tenants in the area include Walmart Supercenter, Marshalls, Ross, Staples, McDonald’s, Big 5, Safeway, Goodwill, and Subway
- SeaTac International Airport is 100 miles northeast of site
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