Price Per SF
$362
Year Built
2024
Leasable Area
21,930 SF
Term Remaining
±15 Years
Property Type
Retail
INVESTMENT HIGHLIGHTS:
TENANT & LEASE STRUCTURE
- New 15-year Lease with 4, 5-year renewal options
- Corporately guaranteed by Tractor Supply Company (NASDAQ: TSCO)
- S&P Investment Grade Credit with a “BBB/Stable” bond rating
- 5% rent increases every 5 years during the Base Term and each Option Period
- LL Roof and Structure obligation is offset by GAF Ever Guard 15-Year ТРО roof w/NDL Roof Guarantee
- TSC operates 48 stores in the state of Mississippi and 50 in neighboring Alabama.
CATEGORY LEADING TENANT
- Tractor Supply is the largest rural lifestyle retailer in the US with 2,181 stores in 49 States
- Tractor Supply ranks 291 on the Fortune 500
- Brand new high-quality construction, minimal Landlord responsibility
- Newest large-format Prototype building, includes 20,000 SF outdoor fenced display w/ Garden Center
- Tractor Supply is targeting 3,000 stores nationally with 80 new stores in 2024 and 90 in 2025
Broker of Record
- Phillip Carpenter
- License No. C-11708 (MS)
- (866) 889-0550
- Carpenter Properties, Inc.
- 1437 Old Square Road,
Suite 104 Jackson, MS 39211