Glenn Heights, TX - Tractor Supply

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased Tractor Supply Company (Nasdaq: TSCO) investment property located in Glenn Heights, Texas. The corporate entity recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Tractor Supply Company has more than 2,420+ locations across the US, and reported a 2025 revenue of over $15.52 Billion.

The Tractor Supply Company is located adjacent to Interstate 35, which averages 113,200 vehicles passing by daily and serves as a major north/south traveling highway connecting Dallas to Austin. Additionally, the property is located in the Dallas-Fort Worth MSA, which is rapidly growing in population. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walmart Supercenter, The Home Depot, Advance Auto Parts, In-N-Out Burger, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by approximately 142,400 residents and 28,800 employees, providing a direct consumer base from which to draw. Residents within 5 miles of the subject property boast an affluent average household income of $106,534.

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Listing ID: a28TP000002hJO1YAM