Tractor Supply Company
Shacks Branch Road and Old KY Route 15 - Jackson KY 41339
LTV (Loan to Value) | 65.00% | Current NOI | $0.00 |
Interest Rate | 4.250% | Capital Rate | 0.000% |
Fixed Term | 10 Years | Land Area | 2.94 Acres |
Amortization | 25 Years | Lease Type | NN |
Loan Amount | $2,015,000.00 | Property Type | Retail |
Payment | $10,916.02 | Property Lease | Agricultural Supplies |
Bulding Size | 19,097 SF | Remaining Terms | 14 Years |
Location Description
NNN Lenders is pleased to exclusively offer for sale, to qualified investors, the opportunity to purchase a 100% fee-simple interest in the Tractor Supply Company property located at Shacks Branch Road and Old KY Route 15, Jackson, Kentucky (the “Property”). Tractor Supply Company is operating under a NN fifteen (15) year lease, which features four (4), five (5) year renewal options, and ten percent (10%) rent increases every five (5) years. Tractor Supply Company is the largest operator of retail farm and ranch stores in the United States and is publicly traded on the NASDAQ exchange under the ticker symbol TSCO. As of March 28, 2015, Tractor Supply Company has total revenues in excess of $5.86 billion, net income in excess of $380 million, and a net worth in excess of $1.32 billion.
Highlights
100% Leased and Guaranteed by Tractor Supply Company (NASDAQ: TSCO)Long-Term Lease – Brand New Fifteen (15) Year Lease, accompanied by…
Property Description
Jackson is the county seat of Breathitt County, Kentucky. Named after Andrew Jackson and positioned on the banks of the North Fork of the Kentucky River, Jackson is a town of beauty, charm, and history. Jackson is located in the central hills of eastern Kentucky and the heart of Breathitt County's economic community. The subject property sits on Old Kentucky Highway 15. The highway goes north to Campton and the Bert T. Combs Mountain Parkway and south to Hazard and the Hal Rogers Parkway. It is the main artery into the city and has been locally named (within the county) as the Breathitt County Veterans Highway.