Tractor Supply-Leased Retail
176 Feather Lane Canton, MS 39046
176 Feather Lane, Canton, MS, 39046
Contact for pricing
For Sale
Contact for pricing
Single-tenant Tractor Supply Company retail store with an extended lease and scheduled rent escalations.
Property Size19,097 SF
Price / SF$194.95
Days on Market57
Property Features for 176 Feather Lane
General Information
- Standard status
- Active
- Size
- 19,097 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2013
Listing agency
Trinity Real Estate Investment Services
(972) 921-8464
Listed by
Brad Motley · License #TX 586199
Source
Crexi
Added: May 26 Updated: Jul 20 at 8:22PM Checked: Jul 21 at 4:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Tractor Supply Company store in Canton, MS. The property features a recently extended lease with over 12 years remaining, including a 5% rent increase scheduled for June 2028.
The lease also includes built-in escalations of 5% every five years during the primary term and 10% during the option periods.
The offering is positioned as a single-tenant retail asset with a defined rent growth structure tied to the lease term and options.
The lease also includes built-in escalations of 5% every five years during the primary term and 10% during the option periods.
The offering is positioned as a single-tenant retail asset with a defined rent growth structure tied to the lease term and options.
Key Highlights
- Single‑tenant Tractor Supply Company retail store built in 2013
- Recently extended lease with over 12 years remaining
- 5% rent increase scheduled for June 2028
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $286.5k | $15.00 |
| − Vacancy | −$20.9k | −$1.10 |
| EGI | $265.5k | $13.91 |
| − OpEx | −$79.7k | −$4.17 |
| NOI | $185.9k | $9.73 |
19,097 SF · lease $15.00/SF/yr · vacancy 7.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.66M
$2.32M – $3.10M
NOI $185,881 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.16M
$3.64M – $4.85M
NOI $291,002 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-tenant Tractor Supply Company retail store with an extended lease and scheduled rent escalations.
Where is this retail space located?
The property is located at 176 Feather Lane Canton, MS.
What is the asking price?
The asking price for this property is $3,723,000.
What are key features of this property?
This property features: Single‑tenant Tractor Supply Company retail store built in 2013; Recently extended lease with over 12 years remaining; 5% rent increase scheduled for June 2028
