TRACTOR SUPPLY CO. Great Bend, KS - SINGLE-TENANT OFFERING
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OFFERING MEMORANDUM
S I N G L E -T E N A N T O F F E R I N G
TRACTOR SUPPLY CO.
Great Bend, KS
Thomas T. Ladt
+1 760 930 7931
Representative Photo thomas.ladt@colliers.com
CA License No. 01803956
TRACTOR SUPPLY CO
Amenities Aerial
RESIDENTIAL COMMUNITIES
66,000 281
Residents in Trade Area Barton Community
College
10,200 Students
WASHINGTON
Stoneridge
2,600 DAILY
Country Club
ST
AT
E
HI
Great
STREET
GH
Bend Brit
W
Spaugh
AY
Zoo
96
Great Bend
MAIN STREET
Great Bend High
Veterans Middle School
Memorial Park School 892 Students
Great Bend 510 Students
Municipal Aiport
3,
2,600 DAILY
44
0
DA
I
LY
10th STREET 13,600 DAILY 10th STREET
4,670 DAILY
6,920 DAILY
SUBJECT
PROPERTY
ILY
0 DA
3
5,0
56 ADDRESS
3709 8th St.
Great Bend, KS 67530
2
TRACTOR SUPPLY CO
Offering Summary
LEASE SUMMARY
PRICE LEASE TYPE NNN
$3,500,000 ROOF & STRUCTURE Landlord Responsible
LEASE TERM 15 Years
CAP RATE RENT COMMENCEMENT Est. 05/1/2019
Inquire Broker RENT EXPIRATION 05/31/2034
INCREASES 5% Every 5 Years & Renewal Options
NOI OPTIONS Four, 5-Year
Inquire Broker OPTIONS TO TERMINATE None
OPTIONS TO PURCHASE None
GROSS LEASABLE AREA
19,097 SF
OWNERSHIP
Fee Simple
YEAR BUILT
2019
ADDRESS
3709 8th St
Great Bend, KS 67530
3
TRACTOR SUPPLY CO
Investment Highlights
SECURE INCOME
• 15-Year NNN Lease with Minimal Landlord Responsibilities
• 5% Increases Every 5 Years
• Corporate Guaranty, $7.73 Billion in Revenue with 1,700+ Locations
• New 2019 Upgraded Construction, 15-Year Roof Warranty
PROXIMITY
• 63 Miles to Nearest Tractor Supply Company Store
• Minutes to Barton Community College with 10,200 Students and 500+
Employees
• ½ Mile to Great Bend Regional Hospital with 300+ Employees Actual Site
• 5 Miles to Great Bend Airport, Situated at the Center of 4 Major Highways
SUBJECT
PROPERTY
ATTRACTIVE MARKET FUNDAMENTALS
• Highly Visible to 13,600 Cars/Day Along the Primary Retail Corridor
• Next to 24-Hr. Walmart Supercenter within Regional Trade Area Serving
Over 66,000 Residents
• Surrounded by 7 Hotels and Several K-12 Schools with 1,402 Combined
Students
• Other Major Retailers Include McDonald’s, Walgreens, O’Reilly, Dillons
Grocery, Wendy’s, Verizon and At&t
• Kansas Agriculture Has an Economic Output of $68 Billion, 45% of State’s
Total Economy
Actual Site
4
TRACTOR SUPPLY CO
Tenant Overview
Tractor Supply Company is the largest operator of rural lifestyle retail
stores in America. TSC stores are located primarily in towns outlying major
metropolitan markets and in rural communities. The typical Tractor Supply
store has about 15,500 square feet of selling space inside, with a similar
amount of outside space.
The company operates over 1,700 retail stores in 49 states, employs more than
24,000 team members and is headquartered in Brentwood, Tenn. Its stock is
traded on the NASDAQ exchanging under the symbol “TSCO.” The company
operates its retial stores under the Tractor Supply Company, Del’s Feed & Farm
Supply, and HomeTown Pet Names. It also operates an e-commerce website,
TractorSupply.com. The company was founded in 1938 as a mail order catalog
business offering tractor parts to America’s family farmers. Today Tractor Supply
is the leading edge retailer with trailing 12-month revenues of approximately
$7.73 billion.
TSC’s products include: clothing, equine and pet supplies, tractor/trailer parts
and accessories, lawn and garden supplies, sprinkler/irrigation parts, power
tools, fencing, welding and pump supplies, riding mowers and more.
tractorsupply.com
LOCATIONS FOUNDED STOCK SYMBOL HEADQUARTERS TRAILING 12 MONTH REVENUE
1,700 +
IN 49 STATES
1938
TRACTORSUPPLY.COM
TSCO
NASDAQ
BRENTWOOD $7.73
TENNESSEE BILLION
5
TRACTOR SUPPLY CO
Great Bend Regional
Hospital
+300 Employees
SUBJECT
PROPERTY
GREA
T
STRE
T E
10th STREET 13,600 CPD
7
TRACTOR SUPPLY CO
Barton Community
College
10,200 Students
8
TRACTOR SUPPLY CO
Great Bend Regional
Hospital
+300 Employees
GREAT STREET
9
TRACTOR SUPPLY CO
Site Plan
8TH ST
310.00’
BC - PL
26.5’
Pylon Sign
150’
25’ Building Setback
Permanent Trailer and
20’
20’
Equipment Display Area 3,000 SF
28’
28’
28’
40’
28’
28’
8’ 8’ 8’ 25.33’ 8’ 5’ 8’
20’
GRANT ST
45’
P.S.D.A “A” P.S.D.A “B” P.S.D.A “C” P.S.D.A “D”
20’
500 SF 962 SF 1,021 SF 983 SF
100’ 125.33’
15’ 18.64’
BC - PL 28’ BC - PL
Fenced Outdoor
Display Area
15,000 SF
20’
514.90’
514.88’
150’
19,097 SF
25’
28’
20’ Building Setback
310.00’
PROPOSED 7TH ST
ADT LOT SIZE PARKING
13,600
Cars per day on 10th St.
3.66
Acres
76
Spaces
10
TRACTOR SUPPLY CO
Great Bend, KS
THE SUNFLOWER STATE
Great Bend is a city in and the county seat of Barton County, Kansas, United States. It is named for its location at the point where the course of the Arkansas River
bends east then southeast. Agriculture is the predominant industry in Great Bend, and its grain elevators are visible from miles away. Cattle raising is also an
important source of income for many people. Great Bend Public Schools, Barton Community College, and CUNA Mutual Retirement Solutions are the city’s three
largest employers. Other major employers include local government, local hospitals, Wal-Mart, Superior Essex, and Fuller Brush Company.
EDUCATION MEDIA
Great Bend Public Schools serve approximately 3,000 students The Great Bend Tribune is the city’s daily newspaper with a
and operate eight schools in the city: Washington Early Childhood circulation of over 6,200 copies. Great Bend is a center of
Center, Eisenhower Elementary School, Jefferson Elementary broadcast media for central Kansas. Two AM and ten FM radio
School, Lincoln Elementary School, Park Elementary School, Riley stations are licensed to and/or broadcast from the city. Two
Elementary School, Great Bend Middle School, and Great Bend television stations, one NBC affiliate and one ABC affiliate,
High School. Barton Community College, a two-year public college, also broadcast from the city. Both are satellite stations of their
is located approximately three miles northeast of Great Bend. respective affiliates in Wichita as Great Bend is part of the Wichita-
Hutchinson, Kansas television market.
TRANSPORTATION
ATTRACTIONS
Great Bend was located on the National Old Trails Road, also
known as the Ocean-to-Ocean Highway, that was established You have reached the core of Walt Whitman’s “Prairies and Plains,”
in 1912. Currently, two U.S. Highways and two Kansas state the defining American landscape. Don’t let the word “plain” fool you,
highways pass through the city. U.S. Route 281 runs north–south though. There is much to do along the “great bend” of the Arkansas
through Great Bend, and K-96 and K-156 run concurrently east– River! Enjoy a bike ride along the river, visit historic sites along the
west through the city. Great Bend Municipal Airport is located Santa Fe Trail, stroll the Kansas Quilt Walk, or venture out to the vast
approximately 2 miles west of the city. A Kansas and Oklahoma wetlands that bookend our town – Cheyenne Bottoms and Quivira
Railroad line runs east–west through the city. National Wildlife Refuge. No matter your interest or time, Great Bend
is your home for exploring these parts of the plains!
11TRACTOR SUPPLY CO
Demographics
GREAT BEND, KS
POPULATION 3 MI 7 MI 10 MI
2018 Estimate 16,046 18,213 18,803
2023 Projected 15,559 17,642 18,206
17,416
POPULATION GROWTH 3 MI 7 MI 10 MI
10 Miles % 2018 Group Quarters Pop 2.35% 3.34% 3.26%
16,046 % 2023 Group Quarters Pop 2.42% 3.45% 3.37%
7 Miles
INCOME 3 MI 7 MI 10 MI
2018 Median Income $41,614 $42,784 $43,061
3,887 2018 Average Income $56,977 $58,566 $58,853
3 Miles
Historical Growth: 2000-2018 24.0% 19.8% 23.4%
3709 8th St.
AGE/HOME VALUE 3 MI 7 MI 10 MI
2018 Est. Median Age 36.2 36.8 37.0
19 and Under 29.3% 29.0% 28.9%
$41,979 2018 Est. Median Home Value $81,859.91 $82,858.74 $83,021.98
2018 Est. Average Home Value $110,226.20 $111,464.40 $112,021.30
EDUCATION 3 MI 7 MI 10 MI
$41,614 Bachelor’s Degree or Higher 27.1% 27.4% 27.6%
$42,432
Population (2018)
Med. Household Income (2018)
12TRACTOR SUPPLY CO
CONFIDENTIALITY DISCLAIMER
The information contained herein, including an pro forma income and expense information (collectively, the “Information”) is based upon assumption and projections
and has been compiled or modeled from sources we consider reliable and is based on the best available information at the time the brochure was issued. However, the
Information is subject to change and is not guaranteed as to completeness or accuracy. While we have no reason to believe that the Information set forth in this brochure,
underwriting, cash flows, valuation, and other financial information (or any Information that is subsequently provided or made available to you) contains any material
inaccuracies, no representations or warranties, express or implied, are made with respect to the accuracy or completeness of the Information. Independent estimates of
pro forma income and expenses should be developed before any decision is made on whether to invest in the Property. Summaries of any documents are not intended
to be comprehensive or all-inclusive, but rather only outline some of the provisions contained therein and are qualified in their entirety by the actual document to which
they relate. You understand that the Information is confidential and is furnished solely for the purpose of your review in connection with a potential investment in the
Property. You further understand that the Information is not to be used for any purpose or made available to any other person without express written consent of Colliers
International. This offering is subject to prior placement and withdrawal, cancellation, or modification without notice. This publication is the copyrighted property of
Colliers International and/or its licensor(s). ©2018. All rights reserved.
13OFFERING MEMORANDUM Thomas T. Ladt Colliers International +1 760 930 7931 5901 Priestly Dr, Suite 100 thomas.ladt@colliers.com Carlsbad, CA 92008 CA License No. 01803956 +1 760 438 8950
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