The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire a single-tenant net-leased Tractor Supply in Washington Court House, OH. Tractor Supply Company (NASDAQ: TSCO) has an investment-grade credit rating from S&P of “BBB”, operates over 2,200 locations across 49 States, has annual sales exceeding $14.8 billion and is ranked 293 on the Fortune 500 List. The net lease has over 7 years remaining in the primary term (recently extended), rent increases in both primary term and option periods and minimal landlord responsibilities, providing passive cash flows for years to come.
The tenant took over the Quality Fleet and Farm lease in 2002 and extended their lease in 2020, demonstrating the strength and profitability of this location. The subject property comprises a 39,775 SF building on a large 6.75-acre parcel, is positioned along Columbus Avenue (U.S. Hwy 62), which sees over 13,300 VPD, and prospers from excellent visibility and accessibility. Nearby retailers include CVS Pharmacy, Walgreens, Ace Hardware, Ollie’s Bargain Market, Bealls Outlet, Save A Lot, McDonald’s, Burger King, Dairy Queen, and more.
This is an excellent opportunity to purchase a well-established Tractor Supply Co in Ohio with long-term operating history, minimal landlord responsibilities, rent increases, and below-market rent providing years of worry-free cash flows.