Rangely, CO - 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 Rangely, Colorado. 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 2,300 locations across the US, and reported a 2024 revenue of over $14.88 Billion.

The Tractor Supply Company is located right off of State Highway 64, which averages over 9,450 vehicles passing by daily and is a major retail thoroughfare serving the city of Rangely. The asset is adjacent to a 19,000+ square foot Ace Hardware and is within walking distance to Rangely Junior/Senior High School, which has an enrollment of over 260 students. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Maverik, Dollar General, NAPA Auto Parts, True Value, Conoco, 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 15-mile trade area is supported by approximately 2,800 residents and 1,400 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 $84,500.