24930 S Ellsworth Rd
Queen Creek, AZ 85142
Tractor Supply | 13 Yrs of Initial Term · Retail Property For Sale

CBRE is pleased to offer for sale this single-tenant Tractor Supply (the “Property”) located in the rapidly growing Town of Queen Creek, Arizona. Queen Creek is a fast growing suburb of the Phoenix Metropolitan area. The Property is located just north of the NWC of South Ellsworth Road and East Riggs Road. The offering consists of a newly constructed, ±21,702 square foot Tractor Supply located on an above-average size land parcel of ±3.98 acres. The Property opened for business in October of 2016. The lease has 13 years remaining on an initial 15-year term with four (4), 5-year options, and 10% rental increases every 5 years. This Tractor Supply Co. offers a corporate guarantee. Tractor Supply Company is the largest operator of rural lifestyle retail stores in the United States. The company operates over 1,700 retail stores in 49 states, employs more than 29,000 team members and is headquartered in Brentwood, Tennessee. Its stock is traded on the NASDAQ exchange under the symbol “TSCO”. They were founded in 1938 as a mail-order catalog business offering tractor parts to America’s family farmers. Today they are a leading-edge retailer with annual revenues of approximately $7.26 billion. The Property is located in the Town of Queen Creek, which is a growing community in the southeastern Phoenix valley. It is minutes from Phoenix-Mesa Gateway Airport and Arizona State University at the Polytechnic Campus. Queen Creek has received many accolades including being in the top five for Best Cities for Young Families in Phoenix and Best Places for Homeownership by NerdWallet. The area is home to approximately 381,395 residents in a ten mile radius and 937,884 residents in a fifteen mile radius (Source: Esri). There are over 3.2 million people living within 45 minutes of Queen Creek (Source: Esri). The Property is prominently positioned on one of Queen Creek’s major thoroughfares, South Ellsworth Road, with ±33,800 vehicles per day (Source: Queen Creek 2015 / MCDOT 2015) and is ±2 miles south of the Town Center.