2169 Bobo Newsom Hwy Hartsville, SC 29550

Property Details for 2169 Bobo Newsom Hwy

Year built

2023

Lot size

4.00 lot acres

Property size

22,433 SF

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a brand-new, 2023-built, 22,433 square foot Tractor Supply store in Hartsville, South Carolina. Located at 2169 W Bobo Newsom Hwy, this single-tenant, net-leased property boasts a 15-year lease commencing November 23, 2023, with a 5% rent increase every five years. The lease is corporately guaranteed by Tractor Supply Company (TSCO), a Fortune 500 company with a BBB S&P rating, providing exceptional financial stability. The property sits on a 4-acre lot with 60 parking spaces and benefits from excellent visibility and access on W Bobo Newsom Hwy, experiencing approximately 113,360 vehicles per day. The property enjoys a prime location, serving as the only Tractor Supply within a 16-mile radius, catering to an affluent area with an average household income exceeding $117,218 within a one-mile radius. The building features a new 15-year roof warranty, transferable to the buyer at closing. Landlord responsibilities are limited to roof, structure, and parking lot maintenance. The property's strong performance is reflected in its current Net Operating Income (NOI) of $343,095, yielding a 6.00% cap rate on the asking price of $5,718,000. This is a rare opportunity to acquire a high-quality, net-leased investment property anchored by a financially sound, industry-leading tenant with significant growth potential. The property's proximity to Sunoco's global headquarters and Carolina Pines Regional Medical Center further enhances its strategic value.

Location Insight

City

Hartsville

County

Darlington

State

South Carolina

Longitude

-80.124881

Latitude

34.361162