CUTTING EDGE TRACTOR SUPPLY PROTOTYPE DESIGN RETAIL STORE
The Subject Property boasts TSCO’s cutting edge prototype retail store design, which includes their brand new state-of-the-art outdoor garden center, along with their newly implemented “Buy-online-pickup-in-store (BOPIS)” drive through lane. Additionally, the Subject Property includes the brand new “Project Fusion” store layout, which is a redesign of the in-store layout and is targeted at enhancing the customer’s overall shopping experience.
100% LEASED AND GUARANTEED BY TRACTOR SUPPLY COMPANY
The Subject Property is fully leased and guaranteed by Tractor Supply Company (Standard & Poor’s: BBB). As of March 31, 2021, Tractor Supply has moved up 89 spots in the Fortune 500 to #291 and is experiencing tremendous growth in store counts and financial metrics.
PROMINENT LOCATION IN HIGHLY DESIRABLE MYRTLE BEACH, SOUTH CAROLINA
Myrtle Beach is a high growth market with the population growing nearly 35% over the past 10 years. From the years 2017-2019, the Myrtle Beach MSA was the 2nd fastest growing MSA in the United States, and the growth trend is continuing. Within 3-miles of the Subject Property, the population has grown 108% over the past 20 years.
15 YEAR PRIMARY LEASE TERM
Tractor Supply Company signed a new highly passive 15-year lease with additional options to extend. There are contractual 5% rental increases every 5 years throughout the lease term and in the option periods.