Investment Highlights
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Tractor Supply Company positioned within the Huntsville MSA in Rogersville, Alabama. The property was constructed in 2024 for Tractor Supply Company with a 15-year lease running through May 2039. 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 21,930 square-foot building benefits from its position along US Highway 72 which experiences over 12,800 vehicles per day. The new construction Tractor Supply Company also benefits from the limited competition in the area. There are 18,842 people living within a ten-mile radius. Additionally, the surrounding population produces a six-figure average household income within five miles ($102,771). The subject asset is positioned within an hour?s drive from Huntsville, where rapid population growth has been fueled by the relocation of various aerospace and government operations.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.
