This exceptional investment opportunity presents a brand-new, 21,930-square-foot Tractor Supply store in Tupelo, Mississippi. Located at 1122 W Barnes Crossing Rd, this Class A, single-tenant retail property sits on a 5.75-acre lot and boasts a prime location within Tupelo's main retail corridor. The building, constructed in 2024, features a modern design incorporating Tractor Supply's latest prototype, including a garden center and an expansive fenced outdoor display area. The property benefits from excellent visibility and accessibility with two primary access points to Barnes Crossing Road, a four-lane highway with a center turning lane and convenient Interstate 22 connectivity. The 15-year net lease, commencing June 27, 2024, and expiring June 15, 2039, includes rent bumps every five years and four or five-year renewal options. Tractor Supply, a Fortune 500 company and the largest rural lifestyle retailer in the U.S., provides a strong, investment-grade tenant with a "BBB/Stable" bond rating. The lease is corporately guaranteed, offering significant security. The property's location within a thriving retail area, alongside major retailers like Home Depot, Sam's Club, and Walmart, ensures consistent high traffic and strong consumer spending. The surrounding area boasts a high average household income, further enhancing the investment's potential. The landlord's roof and structure obligations are mitigated by a 15-year GAF Ever Guard roof with a NDL Roof Guarantee. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a financially stable, category-leading tenant in a rapidly growing market. The asking price is $7,930,938, representing a price per square foot of $361.65.
Highlights
New 15-year net lease with four or five-year renewal options.
Corporately guaranteed by Tractor Supply Company (NASDAQ: TSCO), with a BBB/Stable bond rating.
5% rent increases every five years.
Landlord's roof and structure obligations mitigated by a 15-year GAF Ever Guard roof with an NDL Roof Guarantee.
Tractor Supply is the largest rural lifestyle retailer in the U.S., ranked 291 on the Fortune 500.
Brand new, high-quality construction with minimal landlord responsibility; newest large-format prototype building includes approximately 20,000 SF outdoor fenced display area with garden center.
Retail property - New Tractor Supply, Net Lease, High-Growth Market
Where is the retail property located?
The property is located at 1122 Barnes Crossing Rd Tupelo, MS.
What is the asking price?
The asking price for this property is $7,930,938.
What are key features of this property?
This property features: New 15-year net lease with four or five-year renewal options.; Corporately guaranteed by Tractor Supply Company (NASDAQ: TSCO), with a BBB/Stable bond rating.; 5% rent increases every five years.
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Contacts
Sonny Molloy
Jared Kaye
Grant Morgan
Bennett Holman
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Barnes Crossing Rd Tupelo, MS 38804
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Barnes Crossing Rd Tupelo, MS 38804
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1122 Barnes Crossing Rd
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