Deming, NM - 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 Deming, NM. There are 8 years left on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% increases 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 located just off of interstate 10 (19,155 VPD) and sits on E. Pine Street (17,530 VPD) which serves as Deming’s main retail corridor and offers excellent visibility and access to passing travelers The property is located near Deming City Airport, a bustling regional airport that has historically served over 28,000 aircraft annually, with estimated operations exceeding 30,000 in recent years. Adjacent to the airport is Rio Mimbres Country Club which serves the surrounding affluent community. The property is surrounded by key national tenants including Walmart Supercenter, McDonald’s, Taco Bell, Subway, IHOP, Sonic, and Wendy’s, with additional retailers such as KFC, Pizza Hut, and Burger King enhancing the retail corridor. The surrounding residential communities feature a low residence-to-yard coverage ratio with more yard space, making it an ideal consumer demographic for the tenant. The five-mile trade area is supported by over 19,562 residents with
an average household income of $54,974, and Deming’s centralized position within the region enhances its accessibility and makes it an attractive location for both businesses and residents. This strategic location provides convenient access to key urban centers across the state, adding further appeal to the community.