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Off Market
1/1

7100 HWY 707
Myrtle Beach, SC 29588


HIGHLIGHTS

  • CUTTING EDGE TRACTOR SUPPLY PROTOTYPE DESIGN RETAIL STORE
  • 100% LEASED AND GUARANTEED BY TRACTOR SUPPLY COMPANY
  • PROMINENT LOCATION IN HIGHLY DESIRABLE MYRTLE BEACH, SOUTH CAROLINA
  • 15 YEAR PRIMARY LEASE TERM

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Tractor Supply Company

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Garden Center, Department Store

TOTAL BUILDING SIZE

22378

STORIES

1

YEAR BUILT

2022

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

44800000005