Tractor Supply on target for spring construction
KANKAKEE — The developer for the proposed Kankakee Tractor Supply Co. store, STNL Development of Cincinnati, told Kankakee officials the company is on track for a spring groundbreaking.
Officials got their first look at TSC development plans Tuesday.
Dan McCarthy, vice president of real estate development for STNL, informed the Kankakee City Council’s Budget Committee the company will enter into a long-term lease with Tractor Supply. He added that based on construction projections, the 19,097-square-foot store should be ready for shoppers by the fall 2019.
McCarthy said what sold the project is its visibility from Interstate 57, and somewhat surprisingly, its proximity to the Super Walmart store. He said the two retailers should complement one another in this retail market.
He also said Tractor Supply should help drive future retail development in south Kankakee.
“We are a traffic driver. We will make other properties more marketable,” he said.
That statement should be music to the city’s ears. The city has been trying to add retail development to this area for several years. With TSC being a well-established retailer, their presence should only aid in this cause.
STNL has developed and leased more than 100 Tractor Supply stores. In total, TSC has more than 1,750 stores in 49 states.
The developer is hoping to enter into a development agreement with the City Council at its Dec. 3 meeting. The site is located in one of the city’s Tax Increment Financing districts as well as a Kankakee County Enterprise Zone.
As a result, STNL could realize about $500,000 of property tax and sales tax reimbursements.
The project would be immediately across RiverStone Parkway, the street which runs south of Super Walmart store. The store, its parking lot and outside storage area would consume 4.5 acres.
McCarthy said annual sales for this store should range from $2.5 million to $3.3 million.
The building will be entirely masonry block and have an approximate 70-space parking lot. He said the building’s northside will have the fenced-in storage area. The fenced area will also be where trucks can have large orders loaded.
From 1971 to July 1993, Tractor Supply had been located immediately south of the Blain’s Farm & Fleet store in Bourbonnais.
It had been in that location for about 20 years before Farm & Fleet arrived. Farm & Fleet’s presence eventually caused the store to close.
Before being located along Illinois Route 50, TSC had been in downtown Kankakee, at 180 N. Indiana Ave.
Tractor Supply was started as a mail order tractor parts business in 1939 in North Dakota. The company is headquartered in Brentwood, Tenn.
Today, the store specializes in home improvement; agriculture; lawn and garden maintenance; tools; livestock, equine and pet care, and clothing and footwear.
Nationwide, the company employs about 30,000.