Tractor Supply | No Competition in 20+ Miles | 10870 MS-15
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Tractor Supply | No Competition in 20+ Miles 10870 MS-15
21,930 SF Retail Building Ripley, MS 38663 $6,496,000 ($296/SF)
Investment Highlights
- Only Tractor Supply Serving the City of Ripley and Surrounding Communities with the Nearest Tractor Supply Located over 20 Miles Away
- 14+ Years Remain on Modified NN Lease with 5% Rental Increases Every 5 Years
- Corporate Guaranteed Lease with Investment Grade Tenant (BBB S&P Rating / Baa1)
- Rare Drive-Thru Pick Up Location, Further Fulfilling Consumer Demand
- 14,100 Vehicles Pass the Site Daily on MS-15 (City Avenue)
- Local Economy Fueled by Agriculture with Producing over $23.2 Million in Agricultural Products
Executive Summary
Graystone Capital Advisors has been exclusively engaged to present for sale this newly constructed Tractor Supply Company located in Ripley, Mississippi. The 21,930 SF single-tenant building sits on 4.55 Acres on MS-15, the main corridor through the city connecting the Historic Downtown Area to the Major Retail Corridor. This location is unique as it features Tractor Supply Company’s new corporate initiatives including a Garden Center, Equipment Display Area and a 20,000 square foot fenced in outdoor display area. This site also includes a rare Drive-Thru Pick Up Lane further serving consumer demand.
The Offering recently opened for business in December 2023 and has over 14 years remaining on the lease with additional four, five-year options. Rent increases by 5% every 5 years, including the four option periods to help hedge inflation. The lease is corporately guaranteed by Tractor Supply Company, a publicly traded (TSCO) company, rated BBB / Baa1. There are over 2,200 locations nationwide. Additionally, the NNN structure of the lease limits landlord responsibilities to only roof, structure, parking, and general liability insurance. An investor has the unique opportunity to acquire this passive single-tenant investment at an attractive CAP Rate of 6.25%.
14,400 Vehicles Pass the Site Daily on MS-15 (City Avenue). Nearby Major Retailers include Walmart, CVS, Dollar Tree, Huddle House, USPS, AutoZone, Checkers, Uhaul and AT&T, among others. The site is also strategically positioned across the street from Tippah County Coliseum and Fair Grounds which are major venues for many events such as Rodeos, Equestrian, County Fairs and the Circus, all complimenting the interests and needs of Tractor Supply’s targeted consumer. The site is also near the Tippah County USDA Service Center, Ripley High School, which is home to 925+ students, Tippah County Courthouse, Tippah County Hospital and Ripley’s Famous Flea Market that Hosts “First Monday Trade Day.” Tippah County Vocational Tech School is also nearby.
With excellent visibility on MS-15 (City Avenue), the site serves the local community and all surrounding communities as it is the only Tractor Supply in over 20 Miles. The lack of competition makes this location a driving force in an economy fueled by agriculture.
The Offering recently opened for business in December 2023 and has over 14 years remaining on the lease with additional four, five-year options. Rent increases by 5% every 5 years, including the four option periods to help hedge inflation. The lease is corporately guaranteed by Tractor Supply Company, a publicly traded (TSCO) company, rated BBB / Baa1. There are over 2,200 locations nationwide. Additionally, the NNN structure of the lease limits landlord responsibilities to only roof, structure, parking, and general liability insurance. An investor has the unique opportunity to acquire this passive single-tenant investment at an attractive CAP Rate of 6.25%.
14,400 Vehicles Pass the Site Daily on MS-15 (City Avenue). Nearby Major Retailers include Walmart, CVS, Dollar Tree, Huddle House, USPS, AutoZone, Checkers, Uhaul and AT&T, among others. The site is also strategically positioned across the street from Tippah County Coliseum and Fair Grounds which are major venues for many events such as Rodeos, Equestrian, County Fairs and the Circus, all complimenting the interests and needs of Tractor Supply’s targeted consumer. The site is also near the Tippah County USDA Service Center, Ripley High School, which is home to 925+ students, Tippah County Courthouse, Tippah County Hospital and Ripley’s Famous Flea Market that Hosts “First Monday Trade Day.” Tippah County Vocational Tech School is also nearby.
With excellent visibility on MS-15 (City Avenue), the site serves the local community and all surrounding communities as it is the only Tractor Supply in over 20 Miles. The lack of competition makes this location a driving force in an economy fueled by agriculture.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
21,930 SF
Year Built
2023
Price
$6,496,000
Price Per SF
$296
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
4.55 AC
Zoning
Commercial
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $12,531 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,531
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Tractor Supply | No Competition in 20+ Miles | 10870 MS-15
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