Highland, CA - Tractor Supply Co

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 Highland, California (San Bernardino MSA). 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 property has excellent visibility and significant frontage along Base Line Street (22,400 VPD) a primary retail thoroughfare serving the city of Highland and the Northeast San Bernardino area. The site benefits from direct on/off ramp access from State Highway 210 (79,000 VPD), a heavily trafficked highway connecting commuters throughout San Bernardino, Los Angeles counties, and the greater Inland Empire. The 5-mile trade area is supported by over 207,000 residents and 82,900 employees, with an average household income of $97,606. Moreover, the subject property is situated 6 miles from downtown San Bernardino, a key city in the Inland Empire with over 220,000 residents, and less than 2 miles from San Bernardino International Airport, which served 7 million+ annual passengers in 2024. The property is near Highland Village Plaza, anchored by Albertsons grocery store and receiving over 1.9 million annual visits (per Placer.ai), as well as an adjacent Smart & Final grocer. It is also in proximity to the Northwest Redlands industrial corridor, which includes over 27 million square feet of industrial space, with major tenants like Amazon, BMW, Home Depot, and Burlington. The tenant receives substantial consumer traffic from its location near key transportation hubs and a broad consumer base, offering excellent potential for retail and commercial activity.

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