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27548997
27548998

391 N Main St, Woodruff, SC 29388

MW
GA 395778
Avison Young - Atlanta
IH
GA 420644
Avison Young - Atlanta
Avison Young - Atlanta
Listed by Avison Young - Atlanta
$4,690,000
243 days on market
Updated 8 days ago

Tractor Supply

Details
Property Type Retail
Sub Type Storefront
Square Footage 18,600
Cap Rate 6%
NOI $281,400
Occupancy 100%
Tenancy Single
Brand/Tenant Tractor Supply
Lease Type NN
Lease Term 15.1
Lease Expiration 09/29/2035
Remaining Term 9.3
Lease Options 4
Class B
Investment Type Net Lease
Lease Commencement 09/11/2020
Occupancy Date 09/11/2020

Retail | 6.00% CAP | 18,600 SqFt

Marketing description

This investment features a long-term lease with Tractor Supply Company, an investment-grade tenant (Baa1/BBB) with over 2,300 locations nationwide. As an essential retailer that thrived during the COVID-19 pandemic, Tractor Supply offers stability with 10 years remaining on the lease. Located just 10 minutes from the world’s largest Michelin distribution facility and within two miles of Woodruff’s schools serving 2,000+ students, the property is surrounded by destination retailers like Food Lion, CVS, Walgreens, McDonald’s, and more. It’s also only 30 minutes from downtown Greenville, enhancing its regional appeal.

Investment highlights

- Newer construction built in 2020

- Investment grade credit: Baa1/BBB

- Experienced tenant with 2,300+ locations

- Essential retailer that thrived during COVID-19 pandemic

- Attractive lease term with 10 years remaining

- Great visibility in a major commercial corridor

- Limited competition with closest location over 30 minutes away

- 30 minutes from downtown Greenville

Listing Contacts

MW
GA 395778
Avison Young - Atlanta
IH
GA 420644
Avison Young - Atlanta
Avison Young - Atlanta
Listed by Avison Young - Atlanta

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$281,400.00
$23,450.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Chris Fraser
License
10419
Brokerage
Avison Young
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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