Holbrook, AZ - Tractor Supply

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed (NASDAQ: TSCO), investment grade (S&P: BBB) Tractor Supply Co investment property located in Holbrook, Arizona. The tenant, Tractor Supply Co recently relocated from an in-line store one block away to this freestanding, new construction site and 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 absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The site is newly constructed and recently opened for business.

The property is located along Navajo Blvd, which averages 8,900 vehicles passing by daily and is the major retail thoroughfare serving the city of Holbrook. Additionally, the site is located just west on Interstate 40, a major east/west travelling thoroughfare averaging 21,100 vehicles passing by daily. Furthermore, the Tractor Supply
is adjacent to a multitude of national/credit tenants including Dollar General, O’Reilly Auto Parts, McDonald’s, and more. Moreover, the site features extremely limited competition in the trade area with Tractor Supply being one of the few outdoor supplies shops in the area. The property is in a retail corridor with other nearby national/credit tenants including Aaron’s, Carl’s Jr, Maverik, Taco Bell, and more, further increasing consumer traffic to the site. Strong tenant synergy promotes crossover shopping to the subject property. The 5 mile trade area is supported by over 5,000 residents and 2,600 employees. Residents within 1 mile have an average household income of $84,109.