Tractor Supply
Retail | 21,533 SqFt
Marketing 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 (Nasdaq: TSCO) investment property located in Liberty, South Carolina. The tenant recently 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 NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Tractor Supply Company has more than 2,420+ locations across the US, and reported a 2025 revenue of over $15.52 Billion.
The Tractor Supply Co. is located at the southwest corner of W. Main Street and Summit Drive in Liberty, South Carolina, and benefits from exposure along W. Main Street / State Highway 93, which carries approximately 8,900 vehicles per day, as well as Summit Drive, which carries approximately 3,500 vehicles per day. The asset also benefits from close proximity to Calhoun Memorial Highway / U.S. Highway 123, a major regional thoroughfare with traffic counts of approximately 29,400 vehicles per day. The property is positioned within Liberty's primary commercial corridor and is surrounded by a strong mix of national, regional, and daily-needs tenants including Ingles, CVS Pharmacy, State Farm, Ace Hardware, O'Reilly Auto Parts, Dollar General, FedEx, Subway, Domino's, Bojangles, Hardee's, USPS, and more, further increasing consumer traffic to the site. In addition, the property is supported by nearby demand drivers including Liberty Elementary School, Liberty Middle School, Liberty High School, Pickens County Airport, and its proximity to both Greenville and Clemson University. The surrounding 5-mile trade area is supported by a population of over 21,600 residents and approximately 4,900 employees, with an average household income of approximately $78,554.
Investment highlights
- Brand New, 15-Year Lease | 5% Increases every 5 Years | Corporate Signature (Nasdaq: TSCO)
- The corporate entity recently executed a long-term lease structure backed by Tractor Supply Company (Nasdaq: TSCO), the largest rural lifestyle retailer in the United States with over 2,420+ stores nationwide
- Tractor Supply continues to demonstrate strong financial performance with approximately $6.5MM in average unit volume (AUV) across its portfolio
- The lease features scheduled rental increases, enhancing long-term NOI growth and providing a hedge against inflation
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Tenant pays for CAM, taxes, insurance and maintains most on-site operational responsibilities
- Landlord responsibilities limited to roof (20-year warranty to be transferred to Buyer at Closing), structure, foundation, parking lot (excluding snow & ice removal), Pylon Sign Base, Exterior Utility Lines, & Drainage Facilities
- Ideal, low-management investment for a passive investor
- Signalized Corner Location | Growing Upstate South Carolina Corridor
- The property is positioned at the NEC of W. Main Street and Summit Drive in Liberty, South Carolina, with direct access from both roadways
- The site benefits from traffic counts of approximately 8,900 VPD along W. Main Street / State Highway 93, 3,500 VPD along Summit Drive, and proximity to Calhoun Memorial Highway / U.S. Highway 123, which carries 29,400 VPD
- Nearby national, regional, and daily-needs tenants include Ingles, CVS Pharmacy, State Farm, Ace Hardware, O'Reilly Auto Parts, Dollar General, FedEx, Subway, Domino's, Bojangles, Hardee's, USPS, and more
- Additional area demand drivers include Liberty Elementary School, Liberty Middle School, Liberty High School, Pickens County Airport, and the property's proximity to Greenville and Clemson University (29,115 Students)
- Strong Demographics In 5-Mile Trade Area
- More than 21,600 residents and 4,900 employees support the trade area
- $78,554 average household income within 5 miles
- Liberty, South Carolina Pickens County Greenville-Anderson-Mauldin MSA
- W. Main Street/State Highway 93: 1 Access Point Sumit Drive: 1 Access Point
- W. Main Street/State Highway 93: 8,900 VPD Sumit Drive: 3,500 VPD Calhoun Memorial Highway/U.S. Highway 123: 29,400 VPD
- There is approximately 21,533 SF of existing building area
- There are approximately 110 parking spaces on the owned parcel.
- The parking ratio is approximately 5.1 stalls per 1,000 SF of leasable area.
- Parcel Number: 4087-07-78-3160
- Acres: 5.25
- Square Feet: 228,807
- Year Built: 2026 (Under Construction)
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