Tractor Supply Co. Real Estate Opportunities & Market Research
Tractor Supply Co.
Lowest Cap Rate
5.00%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.62%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.43%
Average Cap Rate over previous quarter
Overview
Tractor Supply Co. is the nation's leader in farming equipment needs, agriculture, lawn care and maintenance, based out of Brentwood, Tennessee. With over 2,198 locations in 49 states, Tractor Supply is in a unique market, in constant demand in rural areas of the country. Due to this, they are considered a highly sought-after, stable company financially. Leases are typically 15 years with rent escalations of 5%-10% every 5 years. Leases usually include anywhere from one to five, 5-year option periods. Locations need 2.0-5.0 acres to accommodate the need for a 20,000sf building.
Property & Lease
Sales Price Range$2,250,000 - $7,000,000
NOI Range$150,000 - $420,000
Building SF20,000
Lease Term15 Years
Escalations5 - 10% Every 5 Years
Stock SymbolNASDAQ:TSCO
Credit Rating
S&PBBB
Moody'sBaa1
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
5.54
5.66
5.81
5.77
5.40
5.52
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Elizabethton, TN6.25%
Ottumwa, IA6.73%
Crosby, TX7.19%
Top Consumer Traffic
Pittsfield, MA480,300
Fredericksburg, VA433,500
Okeechobee, FL435,400
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
