Marcus & Millichap is proud to present the opportunity to acquire the fee simple interest (land and building ownership) in a newly constructed, freestanding Tractor Supply Co. property located in Lake Park, GA. This investment offers a steady income stream with minimal landlord responsibilities under an NN lease. The tenant, Tractor Supply Co., has executed a brand-new 20- year lease in February 2025 with three additional 5-year extension options, underscoring their long-term commitment to the site. The lease includes 5% rental escalations every five years during the initial term and at the start of each option period, ensuring consistent NOI growth and providing a hedge against inflation. The lease is guaranteed by the corporate entity and structured as NN, making this an ideal low-management investment for passive investors.
Founded in 1938, Tractor Supply Co. is the largest rural lifestyle retailer in the United States and ranks at #293 on the 2024 Fortune 500 list. The property offers exceptional visibility and convenient access, strategically located near State Highway 376 with prominent signage along Interstate 75, which experiences approximately 52,800 vehicles per day.