Listed by Summit Real Estate
$7,980,000
Tractor Supply
Details
Property Type Retail
Sub Type Retail
Square Footage 18,800
Tenancy Single
Lease Type NN
Lease Term 15
Lease Expiration 08/31/2035
Rent Bumps Yes
Lease Options 4 x 5
Year Built 2020
Acreage 2.440
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/05/2020
Retail | 18,800 SqFt
Marketing description
Tractor Supply Company is one of the largest rural lifestyle retailers in the United States, serving farmers, ranchers, pet owners, and outdoor enthusiasts with a wide range of products designed for work, home, land, and animals. Founded in 1938, the company has built a strong reputation for offering agricultural supplies, livestock feed, pet products, tools, hardware, workwear, lawn and garden equipment, and seasonal merchandise at competitive prices. Tractor Supply focuses heavily on supporting rural communities and small-town America by providing both essential products and knowledgeable customer service tailored to customers who live the "Out Here" lifestyle.
Investment highlights
- Corporate Guaranteed | Investment Grade Tenant - Tractor Supply (NYSE:TSCO) is the Nation's Largest Rural Lifestyle Retailer, Operating 2,440+ Locations Across 48 States with Continued Expansion Plans Targeting High-Growth Suburban and Rural Markets
- Favorable Lease Structure - 2020 Construction with 9.5 Years Remaining on the Original Lease Term and 5% Rental Increases Every 5 Years, Providing Stable, Long-Term Income Growth
- Exceptional Retail Co-Tenancy - Stoneridge Town Center Is Anchored by Target and Shadow-Anchored Down the Street by Walmart Supercenter, Creating One of Moreno Valley's Strongest Retail Nodes with 20+ National Tenants Including Kohl's, Chase Bank, Starbucks, Taco Bell, and More
- BBB-Rated Credit Tenant (S&P) | Stable Outlook - S&P Global Ratings Affirmed Tractor Supply's BBB Investment Grade Credit Rating in March 2025 with a Stable Outlook, Providing Investors with Confidence in the Tenant's Long-Term Financial Strength and Lease Obligations
- Outstanding Visibility & Access - Strategically Positioned Along Eucalyptus Avenue with Direct Access off the Moreno Valley Freeway, Serving Dense Surrounding Residential Neighborhoods, Schools, and an Expanding Retail Corridor
- Inland Empire Growth Market - Moreno Valley Sits Within One of Southern California's Fastest-Growing Regions, Driven by Ongoing Population Growth, New Housing Development, and Continued Migration From Higher-Cost Coastal Markets
- Riverside-San Bernardino-Ontario MSA - the MSA has a Total Population of Approximately 4.74 Million People, Making it One of the Largest Metropolitan Areas in the United States and a Key Driver of Consumer Demand Throughout the Inland Empire
- Proximate to March Air Reserve Base (~3-5 Miles) - March ARB Is the Home of the Air Force Reserve Command's Fourth Air Force Headquarters and the 452nd Air Mobility Wing, the Largest Air Mobility Wing of the Fourth Air Force, and Hosts Units From the Army Reserve, Navy Reserve, Marine Corps Reserve, and California National Guard. As the Largest Reserve Base in the Air Force, March ARB Generates an Estimated $579 Million in Annual Economic Impact, Supports Over 9,500 Local Jobs, and Contributes $396 Million in Annual Local Payroll
- Attractive Price Point - Offered at a Compelling Price Point Relative to Comparable California Tractor Supply Assets, Providing Investors with Strong In-Place Yield and Long-Term Upside
- Proven Corporate Financial Performance - Tractor Supply Generated $14.88 Billion in Net Sales for Fiscal Year 2024, Reflecting 2.2% Year-Over-Year Growth, with Gross Profit Increasing 3.2% to $5.40 Billion. Fiscal Year 2025 Revenue Grew Further to $15.52 Billion, a 4.31% Increase, Demonstrating Consistent Top-Line Momentum
Listing Contacts
Listed by Summit Real Estate
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