Tractor Supply / Dollar Tree - Booneville

Highlights:

• Both tenants exercised their renewal extensions early - Tractor Supply an additional 7 years and Dollar Tree an additional 5 years
• Significant capital improvements by Tractor Supply to replicate "Fusion" prototype.
• Healthy occupancy costs with rents well below national average/low costs per square foot.
• New roof in 2025 with 20 year warranty
• Strategic location across from Walmart supercenter/fronting Arkansas Highway 10

Description:

In cooperation with broker of record: Jonathan Aur - Jones Aur Commercial Real Estate License No. PB00082681

Faris Lee Investments is pleased to present the opportunity to acquire a two tenant retail center featuring Tractor Supply Co. and Dollar Tree, strategically positioned fronting Arkansas Highway 10 in Booneville, AR. The property is ideally located directly across from a Walmart Supercenter, which acts as a primary regional draw, bringing consistent customer traffic to the immediate area. Both Tractor Supply and Dollar Tree have successfully operated at this location for approximately 10 years, proving the strength of the Booneville market and the essential nature of these retail concepts for the surrounding community.
The property features recent capital improvements that offer true ease of ownership and eliminate near-term management burdens. A new roof was installed in 2025 with a 20-year warranty transferable to the Buyer. These improvements provide the investor with a high-quality, low maintenance asset. This is an exceptional opportunity for 1031 exchange buyers and investors looking for stable, long-term cash flow with minimal capital expenditure requirements during the holding period. The trade area serves a broad regional consumer base, as Arkansas Highway 10 serves as the major arterial connecting Little Rock to the east and Fort Smith to the west. This strategic positioning expands the effective trade area to a 20-mile radius, capturing customers far beyond the Booneville city limits.

The tenants have demonstrated commitment to this site by exercising their renewal extensions early, Tractor Supply for an additional 7 years, and Dollar Tree for an additional 5 years. Further solidifying its long-term presence, Tractor Supply recently completed a comprehensive remodel to implement its “Fusion” prototype. This significant capital investment included a refreshed interior layout, upgraded lighting, and new exterior signage, ensuring the store remains a top-tier destination. These early renewals and facility upgrades underscore the tenants’ confidence in the location and provide a secure, predictable income stream
for an incoming investor.

Ownership interest encompasses both the land and the building, offering long-term intrinsic value and substantial tax advantages. Priced well below replacement cost at just $72 per square foot, the investment offers a high level of security. The property benefits from highly sustainable occupancy costs, with Tractor Supply paying $5.71 PSF and Dollar Tree paying $8.55 PSF gross in annual rent rates that are well below their national averages. Combined with a low annual operating expenses budget of $1.34 PSF, these favorable costs significantly reduce the likelihood of tenant relocation and enhance the long-term stability of the asset.

Strategic location across from Walmart supercenter/fronting Arkansas Highway 10. Subject property is ideally located across from Walmart Supercenter bringing regional customer traffic to the immediate area. Walmart relocated from this location to open a Wal-Mart Supercenter across the street to accommodate the success and growth of the store and presence in the trade area. Arkansas Highway 10 serves as a major arterial connecting the cities of Little Rock to the east and Ft Smith to the west. Expands the trade area up to a 20 mile radius for both tenants beyond the City of Booneville

---

Report Listing This listing was syndicated through: