Price Per SF
$328
Year Built
2023
Leasable Area
21,930 SF
Term Remaining
±15
Property Type
Retail
INVESTMENT HIGHLIGHTS
FUNDAMENTAL LOCATION | VISIBILITY & ACCESS
- New 2023 Tractor Supply – rare relocation store
- Located on Lucedale’s primary retail corridor across from Walmart Supercenter
- Deliberate location, competition void in immediate Trade Area
- Strategically positioned in the Lucedale market near I-63 and within close proximity to Hattiesburg, MS & Mobile, AL
TENANT & LEASE STRUCTURE
- New 15-Year Lease with four, 5-year renewal options
- Corporately guaranteed by Tractor Supply Company
- Tractor Supply is an Investment Grade Credit Tenant with a S&P “BBB/Stable” bond rating
- 5% rent increases every 5 years during the Base Term and each Option Period
- LL Roof and Structure obligation is offset by GAF EverGuard 15-Year TPO roof w/NDL Roof Guarantee
HIGHLY SUPPORTIVE MARKET DEMOGRAPHICS
- TSC operates 48 stores in the state of Mississippi and 50 in neighboring Alabama
- Centrally located with 38,589 people within a 30-minute drive
CATEGORY LEADING TENANT
- Tractor Supply is the largest rural lifestyle retailer in the US with 2,181 stores in 49 States
- Tractor Supply ranks 291 on the Fortune 500
- Brand new high-quality construction, minimal landlord responsibility
- Newest large-format Prototype building, includes 20,000 SF outdoor fenced display w/ Garden Center
- Tractor Supply is targeting 3,000 stores nationally with 80 new stores in 2024 and 90 in 2025
Broker of Record
- Phillip Carpenter
- License No. C-11708 (MS)
- (866) 889-0550
- Carpenter Properties, Inc.
- 1437 Old Square Road,
Suite 104 Jackson, MS 39211