9920 Ridgeway Industrial Dr Olive Branch, MS 38654

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 21,930-square-foot Tractor Supply Company store in Olive Branch, Mississippi. Located at 9920 Ridgeway Industrial Dr, 38654, this property boasts a prime location with excellent visibility and access, experiencing over 37,000 vehicles per day. The building, constructed in 2022, represents the latest prototype and design. A 15-year net lease (NNN) commenced December 22, 2022, and expires December 22, 2037, offering a substantial remaining lease term of 13.1 years. The lease includes four, 5-year options and features a 5% rent increase every five years. The tenant, Tractor Supply Company, is investment-grade credit rated 'BBB' by S&P, providing significant financial stability and security. The property includes 90 parking spaces and sits on a 5.21-acre lot. The asking price is $5,692,000, translating to $259.55 per square foot. This property benefits from its proximity to a major retail artery, a large and affluent customer base with an average household income of $91,505, and its location within the Memphis MSA, a thriving market with over 1.3 million residents. The area also includes significant employment centers, including a large Amazon fulfillment center and the University of Memphis. The property further benefits from a 15-year roof warranty and minimal landlord responsibilities. This is a rare opportunity to acquire a stabilized, high-performing retail investment with a strong tenant and long-term lease. The property is 100% occupied since its opening date of December 22, 2022. The substantial trade area includes 170,314 residents.