Bayfield, 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 Bayfield, 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 near the signalized, hard-corner intersection of US Highway 160 and County Road 501, combining to average over 20,870 vehicles passing by daily. US Highway 160 spans over 1,400 miles from Arizona to Missouri and is a major retail thoroughfare serving the city of Bayfield. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Dollar General, Family Dollar, True Value, FedEx, Subway, NAPA Auto Parts, 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 29,400 residents and 13,000 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 $109,510.