Current Use by Public Records
- Specialty properties
Property Details for 2227 Stallings Dr
- Lot size
- 7.64 lot acres
- Property type
- Specialty properties
- Property subtype
- Lifestyle centers
Description
This exceptional investment opportunity presents a brand-new, 23,957-square-foot Tractor Supply Company store situated on a 7.64-acre lot in Nacogdoches, Texas. Located at 2227 N Stallings, this single-tenant property boasts a 15-year net lease commencing November 10, 2024, and expiring November 29, 2039, with a substantial remaining lease term of 15 years. The lease includes four 5-year renewal options, each with a 5% rent increase. The property benefits from a corporate guarantee from Tractor Supply Company, a Fortune 500 company operating over 2,000 stores, ensuring strong tenant creditworthiness. The asking price is $6,759,050, translating to $282.13 per square foot. This strategically located property enjoys excellent visibility and accessibility, with high daily vehicle traffic counts on nearby roadways. The property's location within Nacogdoches County, an area with a significant agricultural presence (over 1,000 farms encompassing over 200,000 acres and over $500 million in product sales in 2022), further enhances its investment appeal. The 5% rent bumps every 5 years throughout the primary lease term and options provide consistent income growth. This property offers a compelling combination of a strong tenant, long-term lease, and attractive location, making it an ideal addition to any investment portfolio. The property is 100% occupied.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nacogdoches
- County
- Nacogdoches
- State
- Texas
- Longitude
- -94.6746
- Latitude
- 31.6522
