177 Hickman Dr - Retail FOR SALE


Springville, AL 35146
$8,130,000 USD
415-413-3005
177 Hickman Dr, Springville, AL for Sale
$8,130,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

177 Hickman Dr
Springville, AL 35146


HIGHLIGHTS

  • New 15-year net lease to Tractor Supply Company, the largest rural lifestyle retailer in the U.S. with over 2,300 locations across 49 states.
  • 5% rental increases every five (5) years in initial term and four (4) option periods of five (5) years each, ensuring consistent income growth.
  • Corporate-backed lease by Tractor Supply Company (NASDAQ: “TSCO”, S&P: “BBB”, Moody’s: “Baa1” rating) offers investment-grade credit security.
  • Net sales increased by 4.3% in 2025 to $15.5 billion, driven by new store openings & the acquisition of Allivet, a privately held online pet pharmacy.
  • Tractor Supply Company plans to open approximately 100 new stores in 2026.

OVERVIEW

This Tractor Supply occupies a prime retail location along Legacy Park Drive, directly off Highway 174, offering excellent visibility and convenient accessibility. The site also benefits from direct visibility and access to Interstate 59, which carries more than 29,000 vehicles per day and provides strong exposure to commuter traffic. The property is secured by a corporate-backed lease from Tractor Supply Company (NASDAQ: TSCO), an S&P BBB rated tenant, offering investors stable, investment grade credit security. The surrounding area has experienced significant growth, including a 44 percent population increase within a one mile radius since 2010. The strong demographic profile is further supported by an average household income of $115,733 within a three mile radius. Additional economic momentum is being driven by recent multi million dollar investments in nearby industrial rail parks and infrastructure improvements, which have contributed to a 23.4 percent surge in median household income recorded in 2025. Strategically positioned between Huntsville and Birmingham, the property benefits from regional connectivity and access to long distance commuters traveling between the two major markets. Looking ahead, projected population and income growth within the one, three, and five mile radii position both this Tractor Supply location and the Springville market for continued long term growth.

FOR SALE DETAILS

PRICE

$8,130,000 USD

PRICE/SF

$371 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Company

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

5.5 AC

LAND SF

239,580 SF

ZONING

-

APN/PARCEL ID

13-09-32-0-003-053.000

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.