Tractor Supply Co. – Bealls

Price: $3,655,000
Sq. Ft.: 70,466
Cap Rate: 7.37%
Built: 1983

Marcus & Millichap is pleased to offer the opportunity to acquire a 70,466-square foot, two-tenant retail center leased to Tractor Supply Company and Bealls in Pleasanton, Texas. Tractor Supply Company occupies 37 percent of the gross leasable area and has a triple-net lease with three five-year options. Bealls occupies 45 percent of the leasable area and has a triple-net lease with two five-year options. There is approximately 11,958 square feet of unleased warehouse/storage space at the rear of the building, providing possible upside potential. Originally constructed in 1983, the building is situated on 5.03 acres. The roof was coated in 2017 and  has a 10 year warranty.  A 6,000-square foot pad site development with highway frontage has already been approved for future development, providing an investor with additional upside potential.

  • 70,466-Square Foot, Two-Tenant Retail Center
  • 83% Occupied | 17% is Unleased Warehouse/Storage Space in the Back of the Building | Potential Upside Opportunity
  • Approved Pad Site Development of a 6,000-Square Foot Building Provides Additional Future Upside to an Investor
  • Leased to Tractor Supply Company and Bealls | Both are National Credit Tenants
  • Tractor Supply Co. is a Publicly Traded Company (NASDAQ: TSCO)
  • Both Tenants have Triple-Net Leases with Options for Renewal
  • Established Tenant Base with Long-Term Leases
  • Roof was Coated in 2017 and has a 10  Year Warranty
  • Priced at $51 per Square Foot | Well Below Replacement Cost
  • Signalized Hard-Corner Location on West Oaklawn Road
  • Traffic Counts are Approximately 17,200 Vehicles per Day
  • Near Walmart Supercenter
  • Approximately One and One-Half Miles East of Methodist Hospital South, a 67-Bed Facility with a Staff of 120 Healthcare Professionals | Offers Complete Inpatient and Outpatient Care
  • Pleasanton is 30 Miles South of San Antonio and is Part of the San Antonio-New Braunfels Metropolitan Statistical Area