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Department Store

Tractor Supply (NASDAQ: TSCO) | Pittsburgh MSA | Long Term Lease | Recent Lease Extension

176 Finley Rd, Belle Vernon (Pittsburgh MSA), PA 15012

Listing Price: $5,186,057

Tenant Name
Tractor Supply
Years Remaining On Lease
14.6
Gross SF
18,750
Guarantor
Corporate Guarantee
Rentable SF
18,750
Price/Gross SF
$276.59
Lease Type
Triple Net (NNN)

Investment Overview

Belle Vernon is a borough in Fayette County, Pennsylvania, about 20 Miles South of Pittsburgh. It is situated along the Monongahela River abutting two other counties, Westmoreland to the north and Washington across the river. Pittsburgh is the 66th-largest city in the U.S. and the second-most populous city in Pennsylvania, behind Philadelphia. The Pittsburgh metropolitan area is the anchor of Western Pennsylvania; its population of 2.32 million is the largest in both the Ohio Valley and Appalachia, the second-largest in Pennsylvania, and the 27th-largest in the U.S. Aside from steel, Pittsburgh has led in the manufacturing of other important materials — aluminum and glass — and in the petroleum industry. Additionally, it is a leader in computing, electronics, and the automotive industry. For part of the 20th century, Pittsburgh was behind only New York City and Chicago in corporate headquarters employment; it had the most U.S. stockholders per capita. In 2015, Pittsburgh was listed among the “eleven most livable cities in the world”. The Economist’s Global Liveability Ranking placed Pittsburgh as the most or second-most livable city in the United States in 2005, 2009, 2011, 2012 and 2014. The region is a hub for Leadership in Energy and Environmental Design and energy extraction.

Investment Highlights

  • Long Term Corporate Backed Lease feat. a Rental Increase in 2027, 2032 and at Each Option. 13+ Yr Historical Occupancy & Recent 8 Year Lease Extension Demonstrates a Strong Commitment to the Location.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Excellent Visibility. Near Interstate-70 with Daily Traffic Counts Exceeding 42k Vehicles.
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including a Walmart Supercenter, Lowe's, CVS, ALDI, Big Lots, Giant Eagle, Gabe's and more.
  • Investment Grade Tenant - Tractor Supply Co. is the Largest Operator of Rural Lifestyle Retail Stores in the Nation with more than 1,923 Locations Currently Operating. Features an Annual Revenue of $10.6B and a S&P Credit Rating of BBB.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Department Store

Tractor Supply (NASDAQ: TSCO) | Pittsburgh MSA | Long Term Lease | Recent Lease Extension

Listing Price: $5,186,057

Tenant Name
Tractor Supply
Years Remaining On Lease
14.6
Gross SF
18,750
Guarantor
Corporate Guarantee
Rentable SF
18,750
Price/Gross SF
$276.59
Lease Type
Triple Net (NNN)

Investment Highlights

  • Long Term Corporate Backed Lease feat. a Rental Increase in 2027, 2032 and at Each Option. 13+ Yr Historical Occupancy & Recent 8 Year Lease Extension Demonstrates a Strong Commitment to the Location.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Excellent Visibility. Near Interstate-70 with Daily Traffic Counts Exceeding 42k Vehicles.
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including a Walmart Supercenter, Lowe's, CVS, ALDI, Big Lots, Giant Eagle, Gabe's and more.
  • Investment Grade Tenant - Tractor Supply Co. is the Largest Operator of Rural Lifestyle Retail Stores in the Nation with more than 1,923 Locations Currently Operating. Features an Annual Revenue of $10.6B and a S&P Credit Rating of BBB.

Investment Overview

Belle Vernon is a borough in Fayette County, Pennsylvania, about 20 Miles South of Pittsburgh. It is situated along the Monongahela River abutting two other counties, Westmoreland to the north and Washington across the river. Pittsburgh is the 66th-largest city in the U.S. and the second-most populous city in Pennsylvania, behind Philadelphia. The Pittsburgh metropolitan area is the anchor of Western Pennsylvania; its population of 2.32 million is the largest in both the Ohio Valley and Appalachia, the second-largest in Pennsylvania, and the 27th-largest in the U.S. Aside from steel, Pittsburgh has led in the manufacturing of other important materials — aluminum and glass — and in the petroleum industry. Additionally, it is a leader in computing, electronics, and the automotive industry. For part of the 20th century, Pittsburgh was behind only New York City and Chicago in corporate headquarters employment; it had the most U.S. stockholders per capita. In 2015, Pittsburgh was listed among the “eleven most livable cities in the world”. The Economist’s Global Liveability Ranking placed Pittsburgh as the most or second-most livable city in the United States in 2005, 2009, 2011, 2012 and 2014. The region is a hub for Leadership in Energy and Environmental Design and energy extraction.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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