400 W 4th St
Adel, GA 31620
Tractor Supply: Adel, GA · Retail Property For Sale

Corporate Guaranty: Tractor Supply Company (NASDAQ: TSCO) is the largest national farm and ranch retail store brand in the nation. Headquartered in Brentwood, Tennessee, the company operates approximately 1,853 retail stores (under the Tractor Supply Company, Del’s and PetSense brands) in 49 states and employs more than 24,000 team members. As of September 30, 2019, Tractor Supply Company had a net worth in excess of $11.6B and $8.3B in TTM revenue, which is a 7.28% increase over the prior year. Long-Term Net Lease: Tractor Supply’s recently-executed net lease has ±9.6 years of primary term remaining and features four 5-year renewal options with 10% rent increases in each option. Newly-Renovated Site: The seller recently commenced work on a new roof, which will include a 15-year installer’s roof warranty. The property also underwent a major renovation which included gutting the entire building, replacing the HVAC system and major repairs to the parking lot. Tractor Supply elected to complete the renovations at its expense in order to keep occupancy costs low and facilitate the location’s long-term success. Excellent Access and Visibility: The site has excellent frontage along West 4th Street (9,120 VPD) and is just east of access to I-75 (47,500 VPD), which passes through Atlanta, Valdosta and continues south into Florida. Thriving Agricultural & Medical Hub: Tractor Supply is ideally located in one of Georgia’s most prominent agricultural regions, which has been experiencing significant growth throughout the years. This recent growth is highlighted by the Linde Group’s (one of the world’s leading gases and engineering companies) recent $40 million investment in a new custom-engineered air separation plant that opened in early 2019. Southern California-based Grimmway Farms, one of the largest producers and shippers of carrots in the world, also just purchased property north of Adel and plans to expand their presence in the region. In addition, the new $40 million Southwell Medical Center (115 beds) opened just south of the site cementing Adel as a medical hub for the surrounding area. Strategically Sought-After Location: Located in the heart of Adel’s growing downtown district, Tractor Supply is situated among various premier national tenants which include Walmart Supercenter, Piggly Wiggly, Hampton Inn (74 keys), Super 8 (69 keys), Rite Aid, Ace Hardware, Goody’s, Family Dollar, Dollar Tree, Advance Auto Parts, O’Reilly Auto Parts, The Citizens Bank, BB&T, Trust Bank, Domino’s Pizza, Wendy’s, Taco Bell, McDonald’s, Dairy Queen, Pizza Hut, Captain D’s, Burger King, Hardee’s, Zaxby’s, Waffle House, Subway and Huddle House, as well as a myriad of many local retailers. Strategic Market: Tractor Supply sought out this strategic location in Adel’s central business district as it is a strategic market for the company and is accessible to the company’s core customer base in surrounding communities due to its proximity to I-75. Furthermore, this location benefits from being the only Tractor Supply within a 23-mile radius, lending the ability to serve a large trade area—230,000+ people within 25 miles—where agriculture remains the core economic pillar. Adel, GA Market: As the County Seat of Cook County (Population: 17,230), Adel is a growing city that proudly retains its friendly atmosphere and small-town charm. The city is located just 26 miles north of Valdosta and is a gateway to several recreational destinations in South Georgia. Adel is home to a population of 5,334 and has been certified as a Georgia Work Ready Community, meaning their workforce has been evaluated and tested to be ready to work when industry and businesses locate in Cook County. The area’s primary economic drivers are agriculture retail trade, educational services, medical and manufacturing.