Alice, TX - Tractor Supply Co

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 investment property located in Alice, Texas. The tenant, Tractor Supply Co. of Texas LP, has approximately 2 years remaining with 3 (5-year) options remaining to extend, demonstrating their commitment to the site. The lease features 10% rental increases 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.

The Tractor Supply Company is located along TX-359, averaging over 21,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Alice. The asset is located less than a mile from a 200,000+ square foot Walmart Supercenter, which features several multi-tenant outparcels and a brand new Chick-fil-A pad. The property is in the center of a primary retail corridor with other nearby national/credit tenants including H-E-B, Harbor Freight, McDonald’s, Starbucks, Taco Bell, O’Reilly Auto Parts, Chili’s, IHOP, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure to the site. The subject property is in close proximity to CHRISTUS Spohn Hospital Alice, an acute care hospital with over 130 patient beds. The 5-mile trade area is supported by a population of over 19,800 residents and 10,500 employees. Residents within the 3-mile trade area boast an affluent average household income of $85,815.

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Listing ID: a28TP000001d5TtYAI