Tim McGraw's Sundown Heaven Town isn't even a year old, but as the country star revealed earlier this summer, he's hard at work on a new set of tunes — and he's giving fans a first taste of what he's been creating with a brand-new single, "Top of the World."

The new track is a melodic, mid-tempo ode to how, as long as the right person is by your side, the rest just doesn't matter.

"‘Cause when ya got love like we got love / I'm holding onto heaven, holding onto you / When you got one like I got one / Anywhere you're looking, it’s a hell of a view," McGraw sings in the chorus. "Don't know where we're gonna be / But I know we're gonna be / Sittin’ on top of the world / So keep hanging on to me / Yeah, don't you wanna be / Sittin’ on top of the world?"

McGraw promised that he would play some of his new material during his 2015 Shotgun Rider Tour, to "let people sort of hear that and gauge the reaction to it," and it appears that "Top of the World" has made its way into the setlist.

When he first noted that he was back in the studio, McGraw said that he hoped to have his new project out by the end of 2015. A press release announcing "Top of the World" as McGraw's new single cites the fall of 2015 as the record's target release date.

“I think music is always a progression — it kind of shows where you’ve gone, where you’re at and where you’re going. And that’s what I try to do with my music. Art reflects life, life reflects art — you know the old saying. And that’s certainly true when you’re making music, just about as much as anything," he says. "Music sort of puts you in a place in time. All I try to do is get better in the studio and get better as an artist, get better as a communicator and try to please myself as much as anything.”

In addition to his current tour and new record, McGraw is also filming a new movieThe Shack.

“I’m flying in between shows, going up to Vancouver, shooting a movie,” McGraw says back in June. “It’s kind of a foot race to see which one gets done first, [the album or movie].”

"Top of the World" is available for download on iTunes.

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