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Tractor Supply Co | Port Arthur, TX 1650 Highway 365 19,028 SF Retail Building Port Arthur, TX 77640 $6,016,136 CAD ($316.17 CAD/SF)
INVESTMENT HIGHLIGHTS
- Brand New 15 Year Lease | Small Price Point
- Texas Location | No State Income Tax
- Nationally Recognized Tenant | Corporate Backed Lease
EXECUTIVE SUMMARY
The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest of the Tractor Supply property located at 1650 E FM Road 365, Port Arthur, TX (“Subject Property”). The subject property is a single tenant retail asset consisting of a 19,028 square-foot building with an additional 15,000 square-foot outdoor storage area that sits on approximately 3.54 acres.
Tractor Supply Company has occupied the building since it was originally constructed in 2015 as a Build to Suit for the tenant. Tractor Supply has recently executed an early lease extension resetting the base lease to a new 15-year term, showcasing their commitment to this location. The net lease features minimal landlord responsibilities, 5% rent escalations every 5 years, and two 5-year options providing investors superior risk adjusted yields, and protection against inflation.
The city of Port Arthur Texas is in Jefferson County and part of the Beaumont-Port Arthur metropolitan area. Located approximately 90 miles East of Houston, this region is commonly known as the Golden Triangle due to the wealth that came to the area during the oil boom in the early 1900s. Today, Port Arthur is a major hub for the energy and petrochemical industries, housing large refining and petrochemical plants, including the Motiva Port Arthur Refinery, which is one of the largest in the world, and the BASF/Total Port Arthur Olefins Complex, which represents a $1.5 billion investment.
Tractor Supply Company has occupied the building since it was originally constructed in 2015 as a Build to Suit for the tenant. Tractor Supply has recently executed an early lease extension resetting the base lease to a new 15-year term, showcasing their commitment to this location. The net lease features minimal landlord responsibilities, 5% rent escalations every 5 years, and two 5-year options providing investors superior risk adjusted yields, and protection against inflation.
The city of Port Arthur Texas is in Jefferson County and part of the Beaumont-Port Arthur metropolitan area. Located approximately 90 miles East of Houston, this region is commonly known as the Golden Triangle due to the wealth that came to the area during the oil boom in the early 1900s. Today, Port Arthur is a major hub for the energy and petrochemical industries, housing large refining and petrochemical plants, including the Motiva Port Arthur Refinery, which is one of the largest in the world, and the BASF/Total Port Arthur Olefins Complex, which represents a $1.5 billion investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,028 SF
Building Class
C
Year Built
2015
Price
$6,016,136 CAD
Price Per SF
$316.17 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
3.54 AC
Zoning
C1 - Commercial
Parking
92 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
345’ on Highway 365
NEARBY MAJOR RETAILERS
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Tractor Supply Co | Port Arthur, TX | 1650 Highway 365
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