1169 Upper Front St
Binghamton, NY 13905

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 fourteen (14) 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). There are 84,364 residents located in the five (5) mile demographic ring, and 317,335 residents located in the thirty (30) mile demographic ring. There are 8,390 households in the three (3) mile demographic ring. Tractor Supply has strong frontage on Upper Front St. which reports traffic counts of 28,710 cars per day. The property is also located right off Interstate 81 and Interstate 88, which report combined traffic counts of 81,720 cars per day. The subject property sits adjacent to two major freeways in the area: Interstate 81 and Interstate 88, and is highly visible from the 81 freeway. Tractor Supply is surrounded by significant big box retail, which helps drives traffic to the store. Neighboring retailers include the newly remodeled ALDI (June 2017), Friendly’s, CVS, Price Chopper, Sonic, Lowe’s, and Weis Markets, among others. Binghamton today has a continued concentration of high-tech firms, but is emerging as a healthcare and education-focused city, with the presence of Binghamton University acting as much of the driving force behind this revitalization. The University enrolls 18,000 students and is located just 10 minutes from the subject property. Suny Broome Community College is also very close to the subject property (5 minutes), and enrolls nearly 6,000 students annually.