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Miscellaneous

Tractor Supply Co. (Relo Store)

134 Ventura Dr, Lucedale, MS 39452

Listing Price: $7,544,895

Cap Rate
5.25%
Tenant Name
Tractor Supply
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
21,930
Lease Type
Double Net
Rent Per Square Feet
$18.06

Investment Overview

FUNDAMENTAL LOCATION | VISIBILITY & ACCESS
New 2023 Tractor Supply – rare relocation store
Located with Lucedale’s primary retail corridor across from Walmart Supercenter
Deliberate Location, Competition Void in Immediate Trade Area
Strategically positioned in the Lucedale market near I-63 Highway and close proximity from Hattiesburg, MS & Mobile, AL

TENANT & LEASE STRUCTURE
New 15-Year Lease with 4, 5-year renewal options
Corporately guaranteed by Tractor Supply Company
Tractor Supply is an Investment Grade Credit Tenant with a S&P “BBB/Stable” bond rating
5% rent increases every 5 years during the Base Term and each Option Period
LL Roof and Structure obligation is offset by GAF EverGuard 15-Year TPO roof w/NDL Roof Guarantee
Four (4), Five (5) Year Options

PROMINENT MARKET LOCALE
TSC operates 53 stores in the state of Mississippi and 71 In neighboring Alabama
Centrally located with 38,589 people within a 30-minute drive
Average Household Income $62,193 – Above Average in the State of MS
Located in Surrounding Towns Outlying Major Metropolitan and in Rural Communities

CATEGORY LEADING TENANT
Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 291 on the Fortune 500
Largest Rural Lifestyle Retailer in the U.S with 2,181 stores in 49 states
Brand New High-Quality Construction, Minimal Landlord Responsibility
Newest Large-Format Prototype Building, includes 20k Outdoor Fenced Display w/ Garden Center
Tractor Supply is targeting 3,000 stores nationally with 80 NEW stores in 2024 and 90 in 2025

Investment Highlights

  • 15-YR. CORP. LEASE
  • OPENED SEPT. 2023
  • BBB/STABLE CREDIT (INV. GRADE)
  • NEW BUILDING PROTOTYPE

Exclusively Listed By

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Miscellaneous

Tractor Supply Co. (Relo Store)

Listing Price: $7,544,895

Cap Rate
5.25%
Tenant Name
Tractor Supply
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
21,930
Lease Type
Double Net
Rent Per Square Feet
$18.06

Investment Highlights

  • 15-YR. CORP. LEASE
  • OPENED SEPT. 2023
  • BBB/STABLE CREDIT (INV. GRADE)
  • NEW BUILDING PROTOTYPE

Investment Overview

FUNDAMENTAL LOCATION | VISIBILITY & ACCESS New 2023 Tractor Supply – rare relocation store Located with Lucedale’s primary retail corridor across from Walmart Supercenter Deliberate Location, Competition Void in Immediate Trade Area Strategically positioned in the Lucedale market near I-63 Highway and close proximity from Hattiesburg, MS & Mobile, AL TENANT & LEASE STRUCTURE New 15-Year Lease with 4, 5-year renewal options Corporately guaranteed by Tractor Supply Company Tractor Supply is an Investment Grade Credit Tenant with a S&P “BBB/Stable” bond rating 5% rent increases every 5 years during the Base Term and each Option Period LL Roof and Structure obligation is offset by GAF EverGuard 15-Year TPO roof w/NDL Roof Guarantee Four (4), Five (5) Year Options PROMINENT MARKET LOCALE TSC operates 53 stores in the state of Mississippi and 71 In neighboring Alabama Centrally located with 38,589 people within a 30-minute drive Average Household Income $62,193 – Above Average in the State of MS Located in Surrounding Towns Outlying Major Metropolitan and in Rural Communities CATEGORY LEADING TENANT Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 291 on the Fortune 500 Largest Rural Lifestyle Retailer in the U.S with 2,181 stores in 49 states Brand New High-Quality Construction, Minimal Landlord Responsibility Newest Large-Format Prototype Building, includes 20k Outdoor Fenced Display w/ Garden Center Tractor Supply is targeting 3,000 stores nationally with 80 NEW stores in 2024 and 90 in 2025

Exclusively Listed By

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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