The Boulder Group is pleased to exclusively market for sale a single tenant net leased Tractor Supply Company located in Pontotoc, Mississippi. The property was constructed in 2023 for Tractor Supply Company with a 15-year lease running through July 2038. The lease features 5% rental escalations every five years that span throughout the primary term and four 5-year renewal options. Tractor Supply Company is an investment grade tenant with a BBB rating from Standard and Poor’s.
The 19,097 square-foot building benefits from its position along Mississippi Highway 15 which experiences over 16,000 vehicles per day. The property also benefits from its immediate proximity to US Highway 278 connecting west to Oxford and east to Tupelo. Tractor Supply Company is surrounded by several retail and industrial tenants that draw continual traffic through the corridor. Those of which include Walmart Supercenter, ABC Supply Co, Taco Bell, AT&T, Cadence Bank, Murphy USA, Southern Motion, and various others. There are over 25,900 people living within a ten-mile radius of the property who earn an average household income of $72,599.
Tractor Supply Company (NASDAQ: TSCO), serving customers for 85 years, is the largest rural lifestyle retailer in the U.S., ranking 291 on the 2024 Fortune 500. With over 2,300 stores in 49 states and an e-commerce website, TSC provides comprehensive merchandise, including equine, livestock, pet, and small animal products, hardware, tools, seasonal items, clothing, and maintenance products. Their team of more than 50,000 members is dedicated to delivering legendary service and assisting customers in pursuing their passions, whether it’s caring for animals, living a DIY lifestyle, or being closer to the land. Tractor Supply’s growth is fueled by their mission and values, driving them to expand their store footprint and enhance product offerings. Additionally, the company owns and operates Petsense, a pet specialty retailer catering to pet owners in small and mid-size communities.