Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, newly built, investment grade, Tractor Supply Co. investment property located in Pontotoc, MS. The tenant, Tractor Supply Company, recently signed a brand new 15-year lease with an additional 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: BBB) and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor.

Tractor Supply Co. is strategically located along State Highway 15 with clear visibility and access to an average of 16,000 vehicles passing by daily. The asset benefits from nearby access onto US Highway 278 (14,000 VPD) and other major commuter routes, providing easy access for both employees and customers. The subject is ideally situated within a strong trade area with nearby tenants including Walmart Supercenter, ABC Supply Co., Cushion To Go, Bank of Pontotoc, Fiesta Grill, and many others. The strong national and regional tenant presence drives a steady stream of loyal, local consumers to the trade area and promotes crossover store exposure. Furthermore, the property is near numerous single-family communities and multi-family complexes, providing a direct residential consumer base. The 5-mile trade area is supported by over 12,000 residents and 10,400 daytime employees, with an average annual household income of $71,459.

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