Tractor Supply Company

2092 Mississippi 15, Pontotoc, MS 38863

$5,404,000

Cap Rate 5.85%

Views: 151 DOM: 303 Updated: 11.21.24 Posted: 02.22.24 Status: Active

Summary

Price $5,404,000	Built/Renov 2023	Tenant Tractor Supply Company
Cap Rate 5.85%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 19,097	Lease Start 07-01-2023	#Units 2,414
Price/SF $282.98	Expiration 07-01-2038	Tenant Type General Retail
NOI $316,135	R. Term 13.6	Ownership Fee Simple
Rent/SF $16.55	Increases 5.0%/4/yrs	Pop 5Mi 12,019
Lot/AC 3.96	Options 4/5yrs/5%	AHHI 5Mi $71,459

Lease Highlights

New 2023 construction
Tractor Supply has 13+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 5% rental increases every 5 years throughout the initial term and each option period
Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Co. is strategically located along State Highway 15, with clear visibility and access to 16,000 vehicles passing by daily. The property benefits from nearby access onto US Highway 278 (14,000 VPD), and other major commuter routes. Additionally, it is ideally situated within a strong trade area with nearby national and local tenants including Walmart Supercenter, ABC Supply Co.,...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Highway location
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia Pontotoc, Mississippi Zip Code 38863 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tractor Supply Company
Guarantor:Corp T and Rated
Company:Tractor Supply Company
# Units:2,414
Tenant S&P: BBB
Moody’s: Baa1
Stock: NASDAQ: TSCO

About Tenant

Tractor Supply Company (also known as TSCO or TSC), founded in 1938, is an American retail chain of stores that sells products for home improvement, agriculture, lawn and garden maintenance,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	401	6,333	12,230
2023 Total Population :	391	6,296	12,019
2023 Employed Civilian Pop :	172	2,653	5,095
2023 Total Businesses :	76	450	559
2023 Average Household Income :	$ 69,540	$ 73,805	$ 71,459
2023 Total Consumer Spending :	$ 7 M	$ 159 M	$ 296 M
2023 Median Age :	38	38	38
2023 Total Households :	118	2,456	4,726
2023 Pop Age 25+: Bachelor's Degree :	43	673	1,115
2023 Average Home Value :	$ 147,222	$ 151,752	$ 152,150

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Henry Southern	2021	15,000	0.02 mi
	Pontotoc Pkwy W	2021	1,300	0.60 mi
	Five Star Rd	2021	2,900	0.62 mi
	Pontotoc Pkwy W	2021	1,400	0.64 mi
	Five Star Rd	2021	2,800	0.66 mi
	Hwy 336	2021	1,600	1.00 mi
	Aviation Ln	2018	1,700	1.01 mi
Hwy 15 N	Peoples Dr	2018	16,000	1.02 mi
Turnpike Road	Sallie Hardin Rd	2018	900	1.26 mi
Hwy 76	Harmony Loop	2006	1,200	1.31 mi

Listing Broker

Frank Rogers

SRS National Net Lease Group

Contact

37 Listings
4910 Views
3 Sold

Michael Carter

SRS National Net Lease Group

Contact

36 Listings
4790 Views
3 Sold

Frank Rogers

Frank Rogers joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Frank joined SRS with more than five years of retail investment sales experience. At his previous firm, Frank was responsible for the management of his clients’ real estate portfolios across the nation, for which he advised them on the best course of action for their invest

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Michael Carter

Michael Carter joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Michael joined SRS with seven years of retail investment sales experience. Prior to joining SRS, he served as senior director with his previous firm. Michael’s deep understanding of the net lease industry and constantly growing market knowledge has earned him several oppo

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