TRACTOR SUPPLY COMPANY
TRACTOR SUPPLY COMPANY
1501 Northwest Drive | Laurel, Mississippi 39440
Representative Photo
CONFIDENTIAL OFFERING MEMORANDUM
STANJOHNSONCO.COM
Tulsa Atlanta Chicago New York
Houston Los Angeles Phoenix San Francisco
NET LEASED INVESTMENT OFFERING
CONFIDENTIAL DISCLAIMER This Confidential Memorandum has been prepared by Stan Johnson Company (“SJC”) and is being furnished to you solely for the purpose of your review of the commercial property located at 1501 Northwest Drive, Laurel, MS 39440 (the “Property”). The material contained in this Offering Memorandum shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent of Stan Johnson Company (“Broker”). By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you will be receiving in connection with this transaction, whether oral, written or in any other form (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to SJC as soon as practicable together with all other materials relating to the Property which you may have received from SJC; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior written consent of SJC. This Confidential Memorandum has been prepared by SJC, based upon certain information pertaining to the Property and any information obtained from SJC to assist interested parties in making their own evaluation of the Property is offered on a no representation or warranty provision other than customary warranties of title and is sold on an “as-is, where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This Confidential Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials are being delivered by SJC to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of those matters which they deem appropriate in evaluating this offering without reliance upon SJC, the Broker or any of their respective affiliates or any of the information set out in the Materials. Neither SJC, the Broker, nor any of their respective affiliates have independently verified any of the information contained herein or in any of the Materials, and no representations or warranties as to the accuracy or completeness thereof or of any other kind whatsoever are made or intended and none should be inferred. SJC, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice. This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum you agree to release SJC and hold it harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. SJC reserves the right to request the return of the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospective investors at any time.
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 2
NET LEASED INVESTMENT OFFERING
INVESTMENT HIGHLIGHTS • New Fifteen (15) year lease term
Purchase Price: $3,230,700
Representative Photo
OFFERED EXCLUSIVELY BY: Gill Warner | Senior Director [email protected] Sharon Jordan | Analyst [email protected] In Association with Guy Parker, III Mississippi Broker #B-13888 Stan Johnson Company 6120 S. Yale Ave, Ste 813 Tulsa, OK 74136
Stan Johnson Company is pleased to offer for sale to qualified investors a Tractor Supply Company located at 1501 Northwest Drive in Laurel, Mississippi. Laurel is the principal city of the Laurel Micropolitan Statistical Area with a population of approximately 26,000 within a three-mile radius of the subject property. Laurel is a high-growth area, with a 21% population growth within 1-mile of the subject property. Tractor Supply Company to operate under a NN lease with a fifteen (15) year base lease term. The property features four (4), five (5) year renewal options. The subject property is located directly off Highway 15 with approximately 15,000 VPD. Nearby tenants include GMC, Cadalliac, Shell, Magnolia State Bank, North Laurel Shopping Center, Subway, Dollar General, among others.
• NN Lease - Landlord is responsible for roof, structure, parking lot repair and replacement, and liability insurance • 100% leased and guaranteed by Tractor Supply Company (NASDAQ:TSCO) • Attractive 10% rental increases every Five (5) years • The subject property is located directly off Highway 15 with approximately 15,000 VPD • Surrounding retailers include: GMC, Cadalliac, Shell, Magnolia State Bank, North Laurel Shopping Center, Subway, Dollar General, among others • As of December 28, 2012, Tractor Supply Company (NASDAQ: TSCO) had annual revenues of $4.66 billion, a net income of $276 million and a net worth in excess of $1.01 billion
P: 918.494.2690 www.stanjohnsonco.com
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 3
NET LEASED INVESTMENT OFFERING
LEASE ABSTRACT 1501 Northwest Drive, Laurel, MS 39440 Tenant:
Tractor Supply Company
Guarantor:
Tractor Supply Company
Property Type:
Retail
Purchase Price:
$3,230,700
Building Size:
+/- 19,097 SF
Land Area:
+/ 3.74 Acres
Year Built:
2012
Lease Type:
NN
Rent Commencement: June 23, 2012 Lease Expiration:
June 2027
Base Lease Term:
Fifteen (15) years
Rent Increases:
10% every 5 years
Renewal Options:
Four (4), Five (5) year options
Right of First Refusal:
Tenant has 15 days from receipt of Acquisition Notice to exercise
Due to a confidentiality agreement with Tractor Supply, we are unable to disclose the rent, cap rate or lease information in writing. Please call for further details.
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 4
NET LEASED INVESTMENT OFFERING
TENANT OVERVIEW
LOCATION OVERVIEW
Tractor Supply Company (NASDAQ: TSCO) is the largest operator of retail farm and ranch stores in the United States. Its stores provide a selection of merchandise, including equine, livestock, pet, and animal products; hardware, truck, towing, and tool products; seasonal products comprising lawn and garden items; power equipment; maintenance products for agricultural and rural use; and work/ recreational clothing and footwear products. The company was founded in 1938 and is based in Brentwood, Tennessee.
Laurel is a city in Jones County, Mississippi. As of the 2000 census, the city had a total population of 18,393 although a significant population increase was reported following Hurricane Katrina.
As of December 29, 2012, it operated 1,176 stores in 45 states and employed approximately 9,400 people. The company focuses 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.
Laurel is the principal city of the Laurel Micropolitan Statistical Area. Its major employers include Howard Industries, Sanderson Farms, Masonite, Family Health Center, Howse Implement, Thermo-Kool and South Central Regional Medical Center. Laurel is home to the internationally recognized Lauren Rogers Museum of Art, Mississippi’s oldest art museum filled with spectacular collections.
Representative Photo
As of December 28, 2012, Tractor Supply Company (NASDAQ: TSCO) had annual revenues of $4.66 billion, a net income of $276 million and a net worth in excess of $1.01 billion.
The Central Historic District, listed on the national register of Historic Places, is the state’s largest, finest and most intact ensemble of the early 20th century architectural styles including classical and colonial revivals, Queen Anne, bungalow and craftsman. Surrounding the hundreds of homes and buildings is incredible landscaping that was part of America’s master architect Fredrick Law Olmstead’s 1909 city plan. Laurel is proud to be a town that provides a wealth of outdoor recreation opportunities and a year-round schedule of festivals and special events for visitors and residents.
Laurel, MS
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 5
NET LEASED INVESTMENT OFFERING
AREA MAP
0 VPD)
MAGNOLIA STATE BANK
N (15,00 HWY 15
PARK HAVEN CHURCH
NORTH LAUREL SHOPPING CENTER
SIMS REALTY
STAR NAIL
ELLIS & WALTERS DENTAL CARE CELLULAR SOUTH
U-SAVE AUTO RENTAL
WILLIAM H MASON SCHOOL
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 6
NET LEASED INVESTMENT OFFERING
AREA MAP
5,000 5 N (1
RENT ALL OF LAUREL
HWY 1
BLOSSMAN PROPANE GAS & APPLIANCE
VPD)
GARDEN SELF STORAGE
NORTHWOOD SHOPPING CENTER
PENSKE TRUCK RENTAL
XTREME HAIR SALON
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 7
NET LEASED INVESTMENT OFFERING
DEMOGRAPHICS 1501 NORTHWEST DR, LAUREL, MS 39440
0-1 Mile
%
0-3 Miles
%
0-5 Miles
%
Population 2018 Projection
3,239
14,142
27,276
2013 Estimate
3,104
13,874
27,078
2010 Census
3,010
13,697
26,956
2000 Census
2,473
12,707
26,358
21.72%
7.79%
2.27%
2018 Projection
1,298
5,368
10,262
2013 Estimate
1,255
5,284
10,187
2010 Census
1,228
5,232
10,143
2000 Census
1,053
5,050
10,178
16.58%
3.60%
-0.35%
3,104
13,874
27,078
Growth 2000 - 2010 Households
Growth 2000 - 2010 2013 Est. Population by Single Classification Race White Alone
1,685
54.28
7,346
52.95
12,889
47.60
Black or African American Alone
1,090
35.12
5,382
38.79
12,326
45.52
3
0.10
20
0.14
34
0.13
64
2.06
194
1.40
245
0.90
0
0.00
2
0.01
8
0.03
206
6.64
743
5.36
1,258
4.65
57
1.84
187
1.35
318
1.17
American Indian and Alaska Native Alone Asian Alone Native Hawaiian and Other Pacific Islander Alone Some Other Race Alone Two or More Races 2013 Est. Average Household Income
$45,762
$54,179
$50,659
2013 Est. Median Household Income
$34,454
$36,515
$32,994
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 8
NET LEASED INVESTMENT OFFERING
OFFERED EXCLUSIVELY BY: Gill Warner | Senior Director [email protected] Sharon Jordan | Analyst [email protected] In Association with Guy Parker, III Mississippi Broker #B-13888 Stan Johnson Company 6120 S. Yale Ave, Ste 813 Tulsa, OK 74136 P: 918.494.2690 www.stanjohnsonco.com
Representative Photo The information contained herein was obtained from sources believed reliable, however, Stan Johnson Company makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notice.
STAN JOHNSON COMPANY | CHICAGO OFFICE | (312) 240-0127
1501 Northwest Drive | Laurel, Mississippi 39440
Representative Photo
CONFIDENTIAL OFFERING MEMORANDUM
STANJOHNSONCO.COM
Tulsa Atlanta Chicago New York
Houston Los Angeles Phoenix San Francisco
NET LEASED INVESTMENT OFFERING
CONFIDENTIAL DISCLAIMER This Confidential Memorandum has been prepared by Stan Johnson Company (“SJC”) and is being furnished to you solely for the purpose of your review of the commercial property located at 1501 Northwest Drive, Laurel, MS 39440 (the “Property”). The material contained in this Offering Memorandum shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent of Stan Johnson Company (“Broker”). By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you will be receiving in connection with this transaction, whether oral, written or in any other form (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to SJC as soon as practicable together with all other materials relating to the Property which you may have received from SJC; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior written consent of SJC. This Confidential Memorandum has been prepared by SJC, based upon certain information pertaining to the Property and any information obtained from SJC to assist interested parties in making their own evaluation of the Property is offered on a no representation or warranty provision other than customary warranties of title and is sold on an “as-is, where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This Confidential Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials are being delivered by SJC to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of those matters which they deem appropriate in evaluating this offering without reliance upon SJC, the Broker or any of their respective affiliates or any of the information set out in the Materials. Neither SJC, the Broker, nor any of their respective affiliates have independently verified any of the information contained herein or in any of the Materials, and no representations or warranties as to the accuracy or completeness thereof or of any other kind whatsoever are made or intended and none should be inferred. SJC, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice. This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum you agree to release SJC and hold it harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. SJC reserves the right to request the return of the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospective investors at any time.
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 2
NET LEASED INVESTMENT OFFERING
INVESTMENT HIGHLIGHTS • New Fifteen (15) year lease term
Purchase Price: $3,230,700
Representative Photo
OFFERED EXCLUSIVELY BY: Gill Warner | Senior Director [email protected] Sharon Jordan | Analyst [email protected] In Association with Guy Parker, III Mississippi Broker #B-13888 Stan Johnson Company 6120 S. Yale Ave, Ste 813 Tulsa, OK 74136
Stan Johnson Company is pleased to offer for sale to qualified investors a Tractor Supply Company located at 1501 Northwest Drive in Laurel, Mississippi. Laurel is the principal city of the Laurel Micropolitan Statistical Area with a population of approximately 26,000 within a three-mile radius of the subject property. Laurel is a high-growth area, with a 21% population growth within 1-mile of the subject property. Tractor Supply Company to operate under a NN lease with a fifteen (15) year base lease term. The property features four (4), five (5) year renewal options. The subject property is located directly off Highway 15 with approximately 15,000 VPD. Nearby tenants include GMC, Cadalliac, Shell, Magnolia State Bank, North Laurel Shopping Center, Subway, Dollar General, among others.
• NN Lease - Landlord is responsible for roof, structure, parking lot repair and replacement, and liability insurance • 100% leased and guaranteed by Tractor Supply Company (NASDAQ:TSCO) • Attractive 10% rental increases every Five (5) years • The subject property is located directly off Highway 15 with approximately 15,000 VPD • Surrounding retailers include: GMC, Cadalliac, Shell, Magnolia State Bank, North Laurel Shopping Center, Subway, Dollar General, among others • As of December 28, 2012, Tractor Supply Company (NASDAQ: TSCO) had annual revenues of $4.66 billion, a net income of $276 million and a net worth in excess of $1.01 billion
P: 918.494.2690 www.stanjohnsonco.com
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 3
NET LEASED INVESTMENT OFFERING
LEASE ABSTRACT 1501 Northwest Drive, Laurel, MS 39440 Tenant:
Tractor Supply Company
Guarantor:
Tractor Supply Company
Property Type:
Retail
Purchase Price:
$3,230,700
Building Size:
+/- 19,097 SF
Land Area:
+/ 3.74 Acres
Year Built:
2012
Lease Type:
NN
Rent Commencement: June 23, 2012 Lease Expiration:
June 2027
Base Lease Term:
Fifteen (15) years
Rent Increases:
10% every 5 years
Renewal Options:
Four (4), Five (5) year options
Right of First Refusal:
Tenant has 15 days from receipt of Acquisition Notice to exercise
Due to a confidentiality agreement with Tractor Supply, we are unable to disclose the rent, cap rate or lease information in writing. Please call for further details.
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 4
NET LEASED INVESTMENT OFFERING
TENANT OVERVIEW
LOCATION OVERVIEW
Tractor Supply Company (NASDAQ: TSCO) is the largest operator of retail farm and ranch stores in the United States. Its stores provide a selection of merchandise, including equine, livestock, pet, and animal products; hardware, truck, towing, and tool products; seasonal products comprising lawn and garden items; power equipment; maintenance products for agricultural and rural use; and work/ recreational clothing and footwear products. The company was founded in 1938 and is based in Brentwood, Tennessee.
Laurel is a city in Jones County, Mississippi. As of the 2000 census, the city had a total population of 18,393 although a significant population increase was reported following Hurricane Katrina.
As of December 29, 2012, it operated 1,176 stores in 45 states and employed approximately 9,400 people. The company focuses 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.
Laurel is the principal city of the Laurel Micropolitan Statistical Area. Its major employers include Howard Industries, Sanderson Farms, Masonite, Family Health Center, Howse Implement, Thermo-Kool and South Central Regional Medical Center. Laurel is home to the internationally recognized Lauren Rogers Museum of Art, Mississippi’s oldest art museum filled with spectacular collections.
Representative Photo
As of December 28, 2012, Tractor Supply Company (NASDAQ: TSCO) had annual revenues of $4.66 billion, a net income of $276 million and a net worth in excess of $1.01 billion.
The Central Historic District, listed on the national register of Historic Places, is the state’s largest, finest and most intact ensemble of the early 20th century architectural styles including classical and colonial revivals, Queen Anne, bungalow and craftsman. Surrounding the hundreds of homes and buildings is incredible landscaping that was part of America’s master architect Fredrick Law Olmstead’s 1909 city plan. Laurel is proud to be a town that provides a wealth of outdoor recreation opportunities and a year-round schedule of festivals and special events for visitors and residents.
Laurel, MS
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 5
NET LEASED INVESTMENT OFFERING
AREA MAP
0 VPD)
MAGNOLIA STATE BANK
N (15,00 HWY 15
PARK HAVEN CHURCH
NORTH LAUREL SHOPPING CENTER
SIMS REALTY
STAR NAIL
ELLIS & WALTERS DENTAL CARE CELLULAR SOUTH
U-SAVE AUTO RENTAL
WILLIAM H MASON SCHOOL
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 6
NET LEASED INVESTMENT OFFERING
AREA MAP
5,000 5 N (1
RENT ALL OF LAUREL
HWY 1
BLOSSMAN PROPANE GAS & APPLIANCE
VPD)
GARDEN SELF STORAGE
NORTHWOOD SHOPPING CENTER
PENSKE TRUCK RENTAL
XTREME HAIR SALON
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 7
NET LEASED INVESTMENT OFFERING
DEMOGRAPHICS 1501 NORTHWEST DR, LAUREL, MS 39440
0-1 Mile
%
0-3 Miles
%
0-5 Miles
%
Population 2018 Projection
3,239
14,142
27,276
2013 Estimate
3,104
13,874
27,078
2010 Census
3,010
13,697
26,956
2000 Census
2,473
12,707
26,358
21.72%
7.79%
2.27%
2018 Projection
1,298
5,368
10,262
2013 Estimate
1,255
5,284
10,187
2010 Census
1,228
5,232
10,143
2000 Census
1,053
5,050
10,178
16.58%
3.60%
-0.35%
3,104
13,874
27,078
Growth 2000 - 2010 Households
Growth 2000 - 2010 2013 Est. Population by Single Classification Race White Alone
1,685
54.28
7,346
52.95
12,889
47.60
Black or African American Alone
1,090
35.12
5,382
38.79
12,326
45.52
3
0.10
20
0.14
34
0.13
64
2.06
194
1.40
245
0.90
0
0.00
2
0.01
8
0.03
206
6.64
743
5.36
1,258
4.65
57
1.84
187
1.35
318
1.17
American Indian and Alaska Native Alone Asian Alone Native Hawaiian and Other Pacific Islander Alone Some Other Race Alone Two or More Races 2013 Est. Average Household Income
$45,762
$54,179
$50,659
2013 Est. Median Household Income
$34,454
$36,515
$32,994
STAN JOHNSON COMPANY | TULSA OFFICE | (918) 494-2690 | PAGE 8
NET LEASED INVESTMENT OFFERING
OFFERED EXCLUSIVELY BY: Gill Warner | Senior Director [email protected] Sharon Jordan | Analyst [email protected] In Association with Guy Parker, III Mississippi Broker #B-13888 Stan Johnson Company 6120 S. Yale Ave, Ste 813 Tulsa, OK 74136 P: 918.494.2690 www.stanjohnsonco.com
Representative Photo The information contained herein was obtained from sources believed reliable, however, Stan Johnson Company makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notice.
STAN JOHNSON COMPANY | CHICAGO OFFICE | (312) 240-0127
