West End, NC - Tractor Supply

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed (NASDAQ: TSCO), investment grade (S&P: BBB) Tractor Supply investment property located in West End, North Carolina. The tenant 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.

The site is strategically situated at the signalized, hard corner intersection of State Highway 211 and State Highway 73 (combined 21,600 VPD), offering excellent visibility and access. The property is located near Auman Lake, a popular vacation destination and affluent community known for its many lakefront homes and large residential lots. Lake Auman is one of the largest lakes in the Seven Lake community of Moore County, widely-regarded as one of the best places to live in North Carolina with excellent schools, a strong economy supported by a well-educated workforce, and a high quality of life. The surrounding residential communities feature a low residence-to-yard coverage ratio (more yard space), making it an ideal consumer demographic for the tenant. The 5-mile trade area is supported by over 11,900 residents with an average household income of $124,690. West End’s centralized position within North Carolina, located between Charlotte, Raleigh, Greensboro, and Fayetteville, enhances its accessibility and makes it an attractive location for both business and residents. This strategic location provides convenient access to key urban centers across the state, adding further appeal to the community.