Tractor Supply Co. - Woodville, TX by STRIVE

WOODVILLE, TX

PRICING & FINANCIAL ANALYSIS

TRACTOR SUPPLY CO.

FINANCIAL ANALYSIS

Tractor Supply Co. 1111 S. Magnolia Street Woodville, TX 75979

Offering Summary Price Cap Rate Net Operating Income Gross Leasable Area Lot Size

7.00% $99,999

PROPERTY DESCRIPTION

Year Built

$1,430,000

1979 19,335 SF 5.75 Acres

Lease Summary Lease Term

10 Years

Lease Commencement

4/1/2016

Annual

Increase

1-10

4/1/2016

$99,999

Option 1: 11-15

5/1/2026

$110,001

10.00%

Landlord

Option 2: 16-20

5/1/2031

$120,999

10.00%

10% Every 5 Years

Option 3: 21-25

5/1/2036

$133,101

10.00%

Option 4: 26-30

5/1/2041

$146,409

10.00%

4/30/2026

Remaining Term

9.5 Years

Roof & Structure Increases Options Options to Purchase

4 x 5 Year Yes - ROFR

Year(s)

Net Operating Income

MARKET OVERVIEW

Commencement

Lease Expiration Lease Type

Annualized Operating Data

$99,999

NOTE: Tenant has 30 days from receipt of bona fide offer to exercise Right of First Refusal

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Â© 2015 Vitorino Group

TENANT INFORMATION

TRACTOR SUPPLY CO.

FINANCIAL ANALYSIS

Company Summary Company Ownership

Tractor Supply Company Public

Rating Agency Ticker Symbol Exchange Market Cap Sales Volume Number of Locations Years In Business Headquarters Website

PROPERTY DESCRIPTION

Tractor Supply Company (TSCO) is an American retail chain of stores that offers products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. It is a leading U.S. retailer in its market. The Companyâ&#x20AC;&#x2122;s stores are focused on supplying the lifestyle needs of recreational farmers and ranchers and others who enjoy the rural lifestyle, as well as tradesmen and small businesses.

A+ Better Business Bureau TSCO NASDAQ 9.75 Billion 6.2 Billion 1,600+ 79 Years Brentwood, TN www.tractorsupply.com

MARKET OVERVIEW

INVESTMENT HIGHLIGHTS

TRACTOR SUPPLY CO.

FINANCIAL ANALYSIS

• Corporate Guaranteed – 10-Year NN Lease (NASDAQ: TSCO) • Priced Under $74 per SF • Rental Increase of 10% Every 5 Years in Option Periods • New 11-Year Transferrable Roof Warranty

PROPERTY DESCRIPTION

• Nearest Tractor Supply Store is 26 Miles Away – Jasper, TX • Located on Main Retail Corridor – Traffic Counts Exceed 13,000 on S. Magnolia Street • Directly Across from Walmart Supercenter

MARKET OVERVIEW

• Other Retailers Include: Whataburger, Pizza Hut, McDonalds, Dollar Tree and Brookshire Brothers • Adjacent 1.2-Acre Land Also Aailable for Potential Development or New Build to Suit Opportunity

SITE PLAN

TRACTOR SUPPLY CO.

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

AERIAL MAP

TRACTOR SUPPLY CO.

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

LOCAL MAP

TRACTOR SUPPLY CO.

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

REGIONAL MAP

TRACTOR SUPPLY CO.

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

MARKET SUMMARY

TRACTOR SUPPLY CO.

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

WOODVILLE, TX visitors with a dose of history by recreating an old fronteir town -- the open-air display contains original old buildings such as a church, a school and a log cabin and a saloon among other things. The village draws visitors of all ages with annual festivals and activities like quilting workshops. Other attractions include a museum dedicated to another former Texas governor, Allan Shivers, who was a Woodville native, and the Big Thicket National Preserve just southwest of town.

MARKET OVERVIEW

Woodville is a small town in the Piney Woods of southeast Texas, intersected by three U.S. highways: U.S. Highway 69, U.S. Highway 190 and U.S. Highway 287. The town was named after former governor of Texas George Tyler Wood, and is the seat of Tyler County. Though Woodville is small, it is home to several notable attractions. It is currently in its 70th year of hosting the annual Tyler County Dogwood Festival, which takes place for three weekends in April and aims to celebrate the arts, history and culture, and natural beauty of the area. More than 2,000 people ride in on horseback and in wagons during “Western Weekend” to celebrate the heritage of East Texas cowboys. The last weekend of the festival, Queen’s Weekend” involves a beauty pageant where a newly crowned queen and her court are entertained by a play about Tyler County. Woodville’s Heritage Village provides

DEMOGRAPHIC SUMMARY

TRACTOR SUPPLY CO.

Geography: 10 Miles

FINANCIAL ANALYSIS

Population In the identified area, the 2016 population was 12,537. The rate of change since 2000 was 11.78%. The five-year projection for the population in the area was 12,708 representing a change of 1.36% from 2016 to 2021. The population was 57.3% male and 42.7% female. The median age in this area was 41.2, compared to U.S. median age of 38.0.

Households There were currently 4,344 households in your selected geography in 2016. The number of households changed by 9.50% since 2000. It is estimated that the number of households in your area will be 4,455 in 2021, which represents a change of 2.56% in five years. The average household size in your area was 2.33 persons.

PROPERTY DESCRIPTION

Income In 2016, the median household income for your selected geography was $39,745, compared to the Entire US average which was $54,149. It is estimated that the median household income in your area will be $43,977 in 2021, which represents a change of 10.70% from the 2016. The per capita income in your area was $22,286, compared to the Entire US average, which is $29,472. The 2016 average household income in your area was $54,772, compared to the Entire US average which was $77,008.

Race and Ethnicity The 2016 racial makeup of your selected area was as follows: 70.6% White, 17.4% Black, 0.6% Native American and 0.5% Asian/Pacific Islander. Compare these to Entire US averages which were: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin made up 12.1% of the 2016 population in your selected area. Compare this to the Entire US average of 17.9%.

Housing MARKET OVERVIEW

In 2016, there were 3,272 owner occupied housing units in your area and there were 1,072 renter occupied housing units in your area. Median home value in the area was $85,760, compared to a median home value of $198,891 for the U.S.

Employment In 2016, there were 3,699 employees in your selected area, this is also known as the daytime population. 51.7% of employees were employed in white-collar occupations in this geography, and 27.0% were employed in blue-collar occupations. In 2016, unemployment in this area was 6.8%.

Demographic data ÂŠ 2016 esri This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. ÂŠ 2015 Vitorino Group

DEMOGRAPHIC STATISTICS

TRACTOR SUPPLY CO.

3-Mile

7-Miles

10-Miles

2000 Population

6,197

8,314

2010 Population

6,968

2016 Population 2021 Population

Income

3-Mile

5-Miles

10-Miles

11,216

$ 0 - $14,999

17.6%

16.0%

15.3%

9,370

12,266

$ 15,000 - $24,999

16.1%

15.7%

15.8%

7,027

9,536

12,537

$ 25,000 - $34,999

11.6%

12.7%

12.9%

7,070

9,645

12,708

$ 35,000 - $49,999

14.0%

15.3%

15.2%

$ 50,000 - $74,999

18.0%

19.3%

18.6%

$ 75,000 - $99,999

10.4%

8.9%

9.0%

$100,000 - $149,999

8.6%

$150,000 - $199,999

2.3%

3.0%

1.2%

1.3%

1.5%

3-Mile

5-Miles

10-Miles

2000 Households

1,889

2,790

3,967

$200,000+

2010 Households

1,938

2,970

4,153

2016 Median Household Income

$38,913

$39,382

$39,745

2016 Households

2,003

3,099

4,344

2016 Per Capita Income

$21,142

$21,657

$22,286

2021 Households

2,039

3,172

4,455

2016 Average Household Income

$53,043

$53,121

$54,772

2016 Daytime Population

1,941

2,664

3,699

2016 Average Household Size

2.42

2.34

2.33

2010 Owner Occupied Housing Units

56.9%

57.1%

58.2%

2010 Renter Occupied Housing Units

25.8%

19.7%

16.5%

2010 Vacant

17.3%

23.2%

25.3%

2016 Owner Occupied Housing Units

52.5%

53.1%

54.6%

2016 Renter Occupied Housing Units

27.8%

21.3%

17.9%

2016 Vacant

19.7%

25.6%

27.6%

2021 Owner Occupied Housing Units

52.1%

52.6%

54.0%

2021 Renter Occupied Housing Units

27.4%

21.0%

17.7%

2021 Vacant

20.4%

26.4%

28.3%

PROPERTY DESCRIPTION

Households

FINANCIAL ANALYSIS

Population

Traffic Counts

13,700

MARKET OVERVIEW

CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenantâ&#x20AC;&#x2122;s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

Net Lease Disclaimer Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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