Tractor Supply | 2580 Feather River Blvd
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Tractor Supply 2580 Feather River Blvd
23,729 SF Retail Building Oroville, CA 95965 $11,211,000 ($472/SF)
Investment Highlights
- Leased to Tractor Supply Company (NASDAQ: “TSCO”) for 20 years, plus three (3) five year option periods
- Rare 7% rental increases every five years
- Relocation from high volume store to expand to new prototype
- Tractor Supply is a Fortune 500 company whose net sales for fiscal 2023 increased 2.5% to $14.56B from $14.20B in fiscal 2022
Executive Summary
High-Visibility Location: This Tractor Supply store is prominently positioned on State Highway 70 and near the signalized intersection of Oroville Dam Boulevard East and Feather River Boulevard, which collectively see nearly 40,000 vehicles travel along them each day
Prime Setting: The location features a prime setting in Oroville, a major agriculturally focused town on the east side of the Sacramento Valley, making Tractor Supply Company a very attractive shopping destination
Reliable Customer Base: The site greatly benefits from its close proximity to Oroville farms, ranches, and residential neighborhoods, representing a large portion of Tractor Supply’s target customers
Beneficial Proximity to Schools: The Northwest Lineman College - Oroville campus, Las Plumas High School, and Oroville High School are located within three miles from the property, providing consistent traffic from the combined 6,833 students that attend these schools
Excellent Demographics: 38,901 residents live within a five-mile radius of the subject property, supported by an average annual household income of $73,176 (projected to increase by more than 17% over the next five years)
High Tourist Volume: Lake Oroville and the local recreation areas welcome approximately 1,000,000 annual
Prime Setting: The location features a prime setting in Oroville, a major agriculturally focused town on the east side of the Sacramento Valley, making Tractor Supply Company a very attractive shopping destination
Reliable Customer Base: The site greatly benefits from its close proximity to Oroville farms, ranches, and residential neighborhoods, representing a large portion of Tractor Supply’s target customers
Beneficial Proximity to Schools: The Northwest Lineman College - Oroville campus, Las Plumas High School, and Oroville High School are located within three miles from the property, providing consistent traffic from the combined 6,833 students that attend these schools
Excellent Demographics: 38,901 residents live within a five-mile radius of the subject property, supported by an average annual household income of $73,176 (projected to increase by more than 17% over the next five years)
High Tourist Volume: Lake Oroville and the local recreation areas welcome approximately 1,000,000 annual
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
23,729 SF
Building Class
B
Year Built
2024
Price
$11,211,000
Price Per SF
$472
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
4.70 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
82 Spaces (3.46 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 035-330-012-000 | Improvements Assessment | $234,090 |
Land Assessment | $488,988 | Total Assessment | $723,078 |
PROPERTY TAXES
Parcel Number
035-330-012-000
Land Assessment
$488,988
Improvements Assessment
$234,090
Total Assessment
$723,078
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Tractor Supply | 2580 Feather River Blvd
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