Investment Highlights

NET LEASE WITH SCHEDULED RENT INCREASES TO STRONG NATIONAL TENANT
» Leased to Tractor Supply Company for fifteen years
» 10% rental increases every five years, providing a hedge against inflation
» Tractor Supply is a Fortune 500 company with revenues of $6.2 billion

HIGH-TRAFFIC LOCATION JUST OFF OF BUSY INTERSECTION
» Great access and visibility to 29,655 vehicles per day on Airport Road – a major thoroughfare
» Traffic count of 43,643 AADT at the intersection of Airport Road and Veterans Memorial Highway

CLOSE PROXIMITY TO MAJOR RETAIL CENTERS
» Over 1 million square feet of retail is approximately three miles east of Tractor Supply on Airport Road

STRONG CUSTOMER BASE IN THE IMMEDIATE AREA
» Close proximity to residential neighborhoods and equestrian centers, representing some of Tractor Supply’s target customers
» Santa Fe is a popular destination for outdoor tourism and recreation; Tractor Supply carries products to support these activities

NEW BUILT-TO-SUIT CONSTRUCTION
» Built to Tractor Supply Company’s exact specifications
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum

Property Description

SOLD

The property is located just off the busy intersection of Airport Road and Veterans Memorial Highway, with a traffic count of 43,643 vehicles per day at the intersection. Nearby tenants include Family Dollar, AutoZone, and O’Reilly Auto Parts. Approximately three miles east of the site on Airport Road are several large retail centers, anchored by JCPenney, Dillard’s, Sports Authority, Ross, Best Buy, T.J. Maxx, Michaels, and others.

Santa Fe Country Club, an 18-hole, championship golf course, is directly across from the property. Several equestrian centers are located within a five-mile radius of the site, providing a strong customer base for Tractor Supply. Additionally, the property is situated amongst residential neighborhoods; homeowners represent a large portion of Tractor Supply’s target customers.