Tractor Supply - Port Arthur, TX

1650 Highway 365
Port Arthur, TX 77640

Marketing Materials

Overview

JLL is pleased to offer for sale the fee-simple interest in a single tenant, freestanding Tractor Supply (the “Property” or“ Asset”) located in Port Arthur, Texas. The Asset is operating under a double-net lease with over 13 years of primary term remaining and four, five-year options to extend. The Property also benefits from five percent rent escalations every five years. This offering represents an exceptional opportunity to acquire a newly-constructed, build-to-suit Tractor Supply property with significant income growth and limited competition from like-kind retailers in the immediate area.
  • Primary Broker

    Pierce Owens, CCIM - Net Lease Broker
    Pierce Owens, CCIM
    (713) 425-5912

  • Secondary Broker(s)

    Donna Kolius, CCIM - Net Lease Broker
    Donna Kolius, CCIM
    (713) 425-5856

  • Financing Contact

    Chelle Smith - Net Lease Broker
    Chelle Smith

  • In-State Licensee

    Pierce Owens, CCIM - Net Lease Broker
    Pierce Owens, CCIM
    TX

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Investment Highlights
• Operating under a double-net lease with minimal landlord responsibilities
• Over 13 years remaining on the primary lease term with five percent rent escalations every five years
• Only Tractor Supply location within a 15 mile radius
• Port Arthur is home to some of the largest oil refineries in the country
• Strong tenancy and corporate guarantee from Tractor Supply Company, the largest operator of rural lifestyle retail stores in the United States with $6.8 billion in annual sales
• Income tax fee state
General
Property Type Retail
Property Address 1650 Highway 365
Port Arthur, TX 77640
Land In Acres 3.54
Building Size 19,028 Square Feet
Primary Use Farm and Ranch
Year Built 2016
Tenancy Single-Tenant
Financial
Price $3,771,947
Price PSF $198.23
Cap Rate 5.70%
Current NOI $215,001
Lease
Tenant Name Tractor Supply Co.
Guarantor Tractor Supply Co.
Lease Type NN
Annual Rent $215,001
Rent Escalations 5% every 5 years
Options 4, 5-year options
Lease Expiration Date 2/28/2031
Remaining Term 12.4Yrs