1925 N Bridge St
Elkin, NC 28621
Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this Tractor Supply Company (NASDAQ: TSCO) in Elkin, North Carolina. Tractor Supply leases 25,600 square-feet plus its exterior sales area, while the remaining 15,772 square-feet of space is currently vacant providing for increased upside potential through lease up. This is a long-established Tractor Supply location as the Tenant has operated here for over 18 years. Recently, Tractor Supply extended the lease by ten years and added additional options. This early extension is typically indicative of a strong store performance. The NN lease is corporately guaranteed by Tractor Supply Company, the largest operator of rural lifestyle retail stores in the United States. The company operates over 1,600 stores in 49 states with annual revenues of approximately $7.26 billion. Tractor Supply stores are located primarily in towns outlying major metropolitan markets and in rural communities. Tractor Supply is a strong publicly traded company with a credit rating of ‘B2’ from Creditntell. The Subject Property is prominently positioned along Business Route 21 (North Bridge Street), a regional retail corridor that averages more than 7,300 vehicles per day. Tractor Supply is located adjacent to Ridgeview Crossing, a 429,596-square-foot retail center anchored by Ingles Market and Belk, and a Kids Count Pediatric medical facility. Tractor Supply has two means of ingress/egress including a shared access point with Kids First. The property also benefits from its proximity to big box retailers including Lowe’s Home Improvement and Walmart Supercenter which draw shoppers from a vast radius of twenty miles or more. The economic drivers in the submarket are manufacturing, agriculture, wineries, tourism and small business. Located 44 miles (50 minutes) west of downtown Winston-Salem, Elkin is part of the Piedmont Triad. The Piedmont Triad consists of the area within and surrounding the three major cities of Greensboro, Winston-Salem and High Point. The Triad has long been known as one of the primary manufacturing and transportation hubs of the southeastern United States, and is also an important educational and cultural region.