3931 S Huron Rd
Standish, MI 48658
Tractor Supply | Standish, MI · Retail Property For Sale

The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM, and payment of all taxes, utilities, and insurances. There are over fourteen (14.25 as of 1/2019) years remaining on the lease term, plus four (4), five (5) year options. The lease provides for 5% rental increases every five (5) years. The lease is corporately guaranteed by Tractor Supply Company, the largest operator of rural lifestyle stores in America. Tractor Supply is a highly regarded company with zero debt (NASDAQ: TSCO). Tractor Supply has strong frontage on S Huron Rd. (US-23), which reports traffic counts of 17,871 cars per day at this location. Tractor Supply is surrounded by several popular retailers including Dollar General, Taco Bell, McDonald’s, O’Reilly Auto Parts, Burger King, Arby’s, Advance Auto Parts, Family Dollar, Ace Hardware, Rite Aid and Family Fare Supermarkets, among others. The next closest Tractor Supply is 25 miles (32 minutes) away. This Tractor Supply is strategically located near its target market - in a rural area consisting of farmland and agricultural production. Most of Tractor Supply’s customers are home, land, pet and livestock owners living the rural lifestyle. The tourism industry in Arenac County is responsible for creating and sustaining many jobs here. Visitors to the county annually inject more than $14 million into the local economy, mainly due to the area providing a multitude of outdoor recreational opportunities. The Saganing Eagles Landing Casino is located just 8 minutes (6.1 miles) from the subject property and attracts about 1 million visitors a year. Visitor count is expected to increase due to the 138,000 SF casino expansion, which will include a new five story hotel with 148 guest rooms - set to be completed in September 2019.