4177 Avenue L, Lancaster, CA 93536

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Tractor Supply Company positioned within the Los Angeles MSA in Lancaster, California. Construction was recently completed with a new 15-year lease that commenced in February 2024. The lease features 5% rental escalations every five years that span throughout the primary term and four 5-year renewal options. Tractor Supply Company is an investment grade tenant with a BBB rating from Standard and Poor’s.
The 21,702 square-foot building benefits from its position in Quartz Hill Towne Centre, a well-anchored shopping center tenanted by multiple investment grade retailers. The shopping center is anchored by Vons, CVS, and now Tractor Supply Company. The property receives additional benefit from its location along Avenue L which experiences over 23,800 vehicles per day. It is also less than five minutes west of California State Highway 14 (114,000+ VPD). Retailers neighboring the subject asset include Chase Bank, Del Taco, Chevron, Bank of America, AutoZone, Burger King, Subway, and several others. There are over 151,000 people living within a five-mile radius. The population earns a six-figure average household income of $119,689 within three miles.
Tractor Supply Company (NASDAQ: TSCO), serving customers for 85 years, is the largest rural lifestyle retailer in the U.S., ranking 291 on the 2024 Fortune 500. With over 2,300 stores in 49 states and an e-commerce website, TSC provides comprehensive merchandise, including equine, livestock, pet, and small animal products, hardware, tools, seasonal items, clothing, and maintenance products. Their team of more than 50,000 members is dedicated to delivering legendary service and assisting customers in pursuing their passions, whether it’s caring for animals, living a DIY lifestyle, or being closer to the land. Tractor Supply’s growth is fueled by their mission and values, driving them to expand their store footprint and enhance product offerings. Additionally, the company owns and operates Petsense, a pet specialty retailer catering to pet owners in small and mid-size communities.