Tractor Supply Co | Central Valley of California
Agricultural Center of California | New 20-Year Corporate Net Lease
Marketing description
» New 20-year net lease to Tractor Supply Company, the largest rural lifestyle retailer in the U.S. with over 2,200 locations across 49 states.
» 7% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth.
» Corporate-backed lease by Tractor Supply (NASDAQ: “TSCO”, S&P BBB rating) offers investment-grade credit security.
» Net sales increased by 4.3% in 2025 to $15.52 billion, driven by new store openings and the acquisition of Allivet, a privately held online pet pharmacy.
» Tractor plans to open approximately 100 new stores in 2026.
» New stores, particularly in the western U.S., are a key driver of growth, with a goal to reach over 3,400 stores by 2034.
Investment highlights
» Prime Retail Location: High-visibility and easily accessible location at the signalized intersection of Patterson Road and Estelle Avenue.
» Reliable Tenancy: Corporate-backed lease by Tractor Supply (NASDAQ: “TSCO”, S&P BBB rating) offers investment-grade credit security.
» Location Along State Route: Direct visibility and access from State Route 108, allowing the site to capture significant commuter traffic (26,000 AADT).
» Near Major Retail Development: Located two miles north of the Riverbank Crossroads shopping center, which welcomes over 8 million visitors annually.
» Beneficial Proximity to Major Employer: The subject property is located 4.5 miles from Memorial Medical Center (423 beds; 57,000+ system-wide employees).
» Riverbank Crossroads: Located two miles north of the Riverbank Crossroads shopping center, which welcomes over 8 million visitors annually.
» Central Location: Centrally located between San Francisco, San Jose, and Sacramento, giving this Grocery Outlet ideal access to long-distance bay area commuters.
» Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Tractor Supply Company and Riverbank for steady concurrent growth.
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