Midland, TX - Tractor Supply Co

Description:

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased Tractor Supply Company
(Nasdaq: TSCO) investment property located in Midland, Texas. The corporate entity recently executed a brand-new 15-year lease with four (5-year) options to extend, demonstrating long-term commitment to the site. The lease includes 5% scheduled rental increases every five years throughout the initial term and each option period, providing consistent NOI growth and a built-in hedge against inflation. Tractor Supply continues to perform exceptionally well nationwide, supported by an average unit volume (AUV) of approximately $6.5MM.

This NN lease structure features minimal landlord responsibilities, as the tenant covers CAM, taxes, insurance, and most on-site maintenance. Landlord responsibilities are limited to the roof, structure, foundation, parking lot excluding snow/ice removal), drainage facilities and exterior utility lines—making this an ideal low-management investment for passive investors seeking stable, long-term income backed by a strong corporate guaranty. The subject property is positioned directly adjacent to several new national/credit developments, including Circle K, Domino’s Pizza, Dollar General, Family Dollar, and more, creating strong tenant synergy and driving consistent crossover shopping to the site. Located just off Interstate 20, the property benefits from excellent visibility and convenient access for local and regional traffic. The surrounding 5-mile trade area is supported by more than 18,214 residents and 6,589 employees, with an average household income of $111,535, providing a strong and stable consumer base. This combination of robust demographics, growing nearby development, and a long-term corporate-guaranteed lease makes this Tractor Supply an outstanding investment opportunity in the thriving Midland market.

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Listing ID: a28TP0000024RmrYAE