Tractor Supply | Low Rent & Price Point

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519 North Madison ST
Chilton, WI

Price: $2,617,000

Cap: 6.65%

NOI: $174,000

Building Size: 36,962 SF

Lot Size: 3.79 AC

Investment Highlights

LOW RENT & PRICE POINT TRACTOR SUPPLY

• This Tractor Supply has a lower rent of $174,000 which equates to a lower price point compared to most Tractor Supply properties.

INVESTMENT GRADE TENANT

• Tractor Supply Company is the largest brick and mortar retailer serving recreational farmers, ranchers, homeowners, gardeners, and pet enthusiasts nationwide.

• Tractor Supply is a publicly traded (NYSE: TSCO) Fortune 500 company with an S&P investment grade credit rating of BBB.

• The company was founded in 1938, has 2,164 locations, and is headquartered in Brentwood, TN

• Annual Revenue (Fiscal Year 2022) exceeded $14.2 Billion

• Tractor Supply Co. also operates Petsense by Tractor Supply, a small-box pet specialty retailer providing products and services for pet owners. As of 2023, TSCO operates 189 Petsense by Tractor Supply stores in 23 states.

NEWLY RENOVATED TRACTOR SUPPLY | 10-YEAR CORPORATE LEASE WITH INCREASES

• The subject property is a 36,962 SF newly renovated Tractor Supply located in Chilton, WI.

• There are 9 years remaining on the 10-year corporate guaranteed NN Lease with Tractor Supply.

• Tenant is responsible for Taxes, CAM, Insurance, and HVAC.

• Landlord is responsible for roof, structure, and parking lot. The parking lot was repaved and a majority of the roof was replaced as a part of the renovation.

• There are 10% rent increases in each of the four, 5-year option periods.

NEAR GREEN BAY | 3RD MOST POPULOUS CITY IN WI

• Chilton is 35 miles south of downtown Green Bay on Hwy 32 (9,200 VPD)

• Green Bay is the 3rd most populous city in the state and is the county seat of Brown County.

• Known as the toilet paper capital of the world because 8,000 tons of paper is produced in Green Bay and the paper industry supports over 6,000 jobs in the county.

• Home to the 4x super bowl champions, the Green Bay Packers, who have an economic impact of $150 million per year.

• The University of Wisconsin-Green Bay has 8,970 students and 1,000 employees.

14 MANUFACTURING FACILITIES WITHIN A 2 MILE RADIUS

• Chilton is the county seat of Calumet County and is home to many national and international businesses from manufacturing, industrial, agricultural, and dairy products.

• There are 14 manufacturing facilities within a 2 mile radius of this Tractor Supply that support over 700 jobs.

• From 2020 to 2021, employment in Chilton, WI grew at a rate of 4.34%, from 2.08k employees to 2.17k employees.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

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