Scott Rutherford - Tractor Supply Company

Tractor Supply Company
Bowie, TX

Presented by:

RealtyNet Advisors

801.812.1031

PROPERTY INFORMATION

Address	1532 North State Highway 59 Bowie , TX 76230
Purchase Price	$1,500,000
Total Square Feet	39,809
Price / SqFt	$37.68
Cash on Cash Return	8.000 %
Lease Guarantor	Tractor Supply Company
Lot Size	3.11 acres
Percentage Rent	N/A
Minimum Investment	$50,000
Year Built	2008

TENANT PROFILE

Tenant	Tractor Supply Company
Research Report
Net Worth / Credit Rating	$565MM / BBB+
Ticker Symbol	TSCO
Tenant Website	http://www.tractorsupply.com
Tractor Supply Company is the largest operator of retail farm and ranch stores in the United States with over 764 stores in 43 states, focused on supplying the lifestyle needs of recreational farmers and ranchers. The Company also serves the maintenance needs of those who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located in towns outlying to major metropolitan markets and in rural communities.

DEMOGRAPHIC INFORMATION

Population	9,708
Average Household Income	$46,284
This property is located in Bowie, TX, the largest city in Montague County. Bowie is located an hour northwest of Fort Worth.

Other Docs	Limited Landlord Warranty.pdf (0.94 MB) Roof Warranty.pdf (0.14 MB)
Construction Plans	Construction Plans.pdf (12.91 MB)
Environmental	AAI Environmental Report FINAL.pdf (4.59 MB)
Lease	Lease Guaranty (Executed).pdf (0.15 MB) TSC Lease.pdf (2.31 MB)
Survey	Bowie Survey.pdf (1.41 MB) Bowie TX site plan exhibit.pdf (0.26 MB) Updated Survey - June 2008.pdf (0.04 MB)
Tenant Financials	TSCOAR2007 (annual report).pdf (5.97 MB)
Title Commitment	Title Commitment.pdf (1.92 MB)

Yahoo Demographics for Bowie, TX

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PROPERTY DESCRIPTION

This concrete wall building (originally constructed in 1979) was completely renovated inside and out by Tractor Supply in 2008, including a new 20 year roof.

LEASE INFORMATION

Lease Commencement	2008-07-01
Fixed Term Ends	June 30, 2018
Lessor Responsibility	Roof and Structure
Tenant Responsibility	Taxes, Insurance (reimbursement), General Maintenance, all utilities and parking lot striping.
Lease Term	10 years
Annual Rent	$120,000
Rent Escalation	10% in year 6 and in each extension option
Lease Type	NN
Lease Renewal Options	(4) 5-year extensions

RENT PAYMENT SCHEDULE

Year	Rent	Annual ROI
1-5	$120,000.00	8.00%
6-10	$132,000.00	8.80%
11-15*	$145,200.00	9.68%
16-20*	$159,720.00	10.65%
21-25*	$175,792.00	11.72%
26-30*	$193,260.00	12.88%

* Assuming client exercises this option

Average Term Rent	$154,328.66
Average Term Cap Rate	10.29%

The information contained herein has been derived from sources that are deemed reliable, however, the seller makes no representations or warranties as to its accuracy. As with any real estate transaction, the principle of caveat emptor applies, and anyone considering a purchase of this property should undertake their own due diligence investigation.