1122 Barnes Crossing Rd Tupelo, MS 38804
- Retail properties
- 21,930 SF
- 5.75 lot acres
Current Use by Public Records
- Tractor Supply Co. / Hardware Store / Home Improvement Store
Property Details for 1122 Barnes Crossing Rd
- Year built
- 2024
- Lot size
- 5.75 lot acres
- Property size
- 21,930 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Longitude
- -88.7116
- Latitude
- 34.316
