Best in Class – Strong Fortune 500 Tenant: Ranked #291 on the Fortune 500 list, TSC is one of the fastest-rising companies, with their continued impressive growth trajectory, boasting a ±$32.5 billion market cap and over 2,270 locations in 49 states, including their 205 Petsense stores.

Newer Second Generation Building: The property was built in 2010 and underwent a complete renovation in 2020 for Tractor Supply, where they signed a new 10-year lease with four additional five-year renewal options.

Lower Rent & Price Point: Tractor Supply is paying lower rent, leading to a lower price point than most, also improving their long-term sustainability at the location.

Corporate Guarantee with Rent Increases & Minimal Landlord Responsibilities: With approximately ±4.84 years remaining on the NN lease, the property is corporately guaranteed with 10% rent increases in each renewal period. This structure provides a hedge against inflation, enhances the overall return, and provides a reliable, growing source of income.

TSC Company Growth & Ecommerce Proof: Tractor Supply serves as the industry leader for its ability to adapt and thrive amidst the presence of e-commerce. TSC reported net sales increased again in its latest Q2 of 2024 to $4.25 billion from $4.18 billion in Q2 of 2023. This is due in large part to TSC’s investment in their brick-and-mortar locations and new initiatives such as buy online, pick up in-store (curbside pickup), and offering customers same-day delivery from 100% of their stores — the nation’s first general merchandise retailer to do so.

Limited Competition & Primary Rural Lifestyle Retailer: As the only Tractor Supply store within a 40-mile radius, there is no significant competition in the market or surrounding area.

Great Location & Trade Area: Situated along the intersection of main thoroughfares US Highway 160 and US Highway 142, this Tractor Supply benefits from other national retail synergy including McDonald’s, NAPA Auto Tire & Parts, Dollar Tree, Dollar General, Ford, Chevrolet, banks, Subway, and more.