Investment Highlights
Rare True NNN Corp. Lease by Tractor Supply (NASDAQ: TSCO)- Proven Location 22+ Yrs
High Profile Site along Interstate Hwy 2- Dense Border Town Trade Area- International Traffic
Early Lease Extension for Primary Term- Rent Bumps every 5 Years- Zero LL Duties- No Options
Largest Operator of Rural Lifestyle Retail Stores in the U.S. - 2181+ Locations in 49 States
Irreplacebale Rent for Tractor Supply well Below Market- Long Term Upside- Monument Signage
Border City of Tax-Free State- Tremendous International Daytime Traffic- Synergistic Retailer
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to investors a rare opportunity to acquire a single tenant NNN leased Tractor Supply in Weslaco, TX. Tractor Supply Company (NASDAQ: TSCO), has an investment grade credit rating from S&P of ?BBB?, operates over 2,100 locations across 49 States, has annual sales exceeding $14 billion, and is ranked 291 on the Fortune 500 List. The triple net lease has over 7.5 years remaining in the primary term, a 7% rent increase in 2027 and no landlord responsibilities, providing passive cash flows for years to come. The tenant has successfully operated at this location for over 21 years and has consistently been ranked a top 20% store in both Texas and nationwide according to Creditntell. The subject property comprises a 19,025 SF building on a 3-acre lot, is positioned along US-83 Frontage Road (26,200 VPD) and prospers from excellent visibility and accessibility from US-83 which sees over 65,100 VPD. Nearby retailers include The Home Depot, Lowe?s Home Improvement, Walmart Supercenter, Hobby Lobby, Academy Sports + Outdoors, H-E-B, McDonald?s, Starbucks, Chick-fil-A, Raising Cane?s, Whataburger, Wendy?s, Taco Bell and more.
