Cap Rate: Inquire with Broker
Square Footage: 19,097
Lot Size: 3.47 AC
Year Built: 2013
This is the opportunity to purchase a long term net leased Tractor Supply Co. in Magee, MS. The tenant has 8+ years of initial term remaining with 10% rent increases every five years.There are minimal landlord obligations and the landlords responsibilities are limited to roof, structure and exterior utility lines. The site is strategically located on Highway 49 with direct access to Jackson, MS. corridor. Adjacent neighboring retailers include Loves Travel Stop & Country Store, Fast Pace Urgent Care & TNT Fireworks. Additional retailers located a few miles South of the property include Walmart, Dollar Tree, McDonalds, Subway and more.
Tractor Supply Company (TSCO) is an American retail chain of stores that offers products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care.
Tractor Supply lists five major product categories. The livestock and pet products category accounted for 47 percent of the company’s sales in 2018. The category with the second highest sales was hardware, tools, truck and towing products, with 22 percent of sales. Seasonal products such as lawn and garden equipment, gifts and toys were 19 percent of sales, followed by clothing and footwear with 8 percent and agricultural products with 4 percent of sales.
In September 2016, Tractor Supply Company acquired Petsense, LLC, a leading small-box specialty retailer of pet supplies primarily located in small and mid-size communities. In 2002, TSC was part of a group (also including four liquidation firms) that purchased some of the leases of the bankrupt Quality Stores, Inc., a Michigan-based company which at one time had operated over 300 stores in 30 states under the names CT Farm & Country; Country General; Quality Farm & Fleet; County Post; Central Farm and Fleet, and FISCO. The company also owns Del’s Feed & Farm Supply, a farm retail chain in the Pacific Northwest and Hawaii.