Atlantic Capital Partners has been exclusively engaged to offer for sale the Tractor Supply Company located at 210 Cherokee Park Drive in Elizabethton, Tennessee, a 30,500-square-foot net lease investment positioned within the Tri-Cities region. The property is leased to Tractor Supply Company and D&K Tax Service under a NN lease structure with limited landlord responsibilities for roof and structure only, providing investors with durable income backed by an investment-grade corporate guaranty from one of the nation’s leading rural lifestyle retailers, as well as a long-standing service oriented tenant in D&K.
Tractor Supply has successfully operated from this location since 2008, demonstrating a long-term commitment to the site and surrounding trade area. The lease has approximately 6.6 years remaining with an exceptionally low rental rate of just $3.66 PSF, creating attractive renewal economics while 5% rent increases throughout each option period provide embedded long-term income growth.
Strategically located along the primary commercial corridor serving Elizabethton and the broader Tri-Cities region, the property benefits from strong regional retail demand, limited direct competition, and a loyal customer base supported by Northeast Tennessee’s agricultural economy. Combined with Tractor Supply’s proven operating history and below-market occupancy cost, the offering presents an attractive opportunity for long-term net lease investors.