Tractor Supply - Rare 10% bumps - Between NYC & Philadelphia
Retail | 19,097 SqFt
Marketing description
The Property is fully leased and guaranteed by Tractor Supply Company (Standard & Poor's: BBB). Tractor Supply sits at #296 in the Fortune 500 and operates over 2,300 stores in 49 states. Tractor Supply continues to accelerate store growth with 100 new stores planned for 2026.
Allentown, NJ is centrally located and approximately 45 miles northeast of Philadelphia and 60 miles south of New York City.
Tractor Supply's lease commenced in 2011 and they recently exercised their first option period at the scheduled rent increase. There are three (3), five (5) year options remaining.
Tractor Supply Company is operating under a highly passive lease with minimal landlord obligations. The lease boasts rare 10% rental increases every 5 years throughout the remainder of the lease.
Investment highlights
- 100% Leased and Guaranteed by Tractor Supply Company - The Property is fully leased and guaranteed by Tractor Supply Company (Standard & Poor's: BBB). Tractor Supply sits at #296 in the Fortune 500 and operates over 2,300 stores in 49 states. Tractor Supply continues to accelerate store growth with 100 new stores planned for 2026.
- Dense Northeast Location in Close Proximity to Philadelphia and New York City - Allentown, NJ is centrally located and approximately 45 miles northeast of Philadelphia and 60 miles south of New York City.
- Commitment to Location - Tractor Supply's lease commenced in 2011 and they recently exercised their first option period at the scheduled rent increase. There are three (3), five (5) year options remaining.
- Highly Passive Lease with Rare 10% Rental Increases - Tractor Supply Company is operating under a highly passive lease with minimal landlord obligations. The lease boasts rare 10% rental increases every 5 years throughout the remainder of the lease.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
