Princess Anne Marketplace
2052 South Independence Boulevard, Virginia Beach, VA, 23453, US
2,469 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the fee simple interest in the single-tenant Tractor Supply located in Suffolk, Virginia (“Property” or “Asset”). Tractor Supply is operating on a NN lease with ±12.3 years of primary lease term remaining, 5.0% rent escalations every 5 years and four, five-year renewal options with minimal landlord responsibilities.
This opportunity offers investors the ability to acquire long-term passive income stream from a domestically-oriented operator with build-to-suit improvements and investment grade tenancy.
Broker of Record: Andrew Weir - VA License No. 0225099542
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Attributes
Asking price
€5,982,000
Cap rate
5.85%
NOI
€350,000
WAULT
12.3 years
Building area net
2,122 sm
Year built
2023
Land area gross
1.74 ha
Media
Investment highlights
- Long-term, attractive lease structure with 12.3 years of remaining lease term and minimal landlord responsibilities
- Located at a major transportation route in Virginia with accessibility to 111,000 vehicles per day
- Suffolk ranks among Virginia’s fastest-growing municipalities
- Tractor Supply is the largest rural lifestyle retailer in the U.S. and holds an investment-grade 'BBB' rating from S&P with 2024 net sales of $14.9 billion
- Within Virginia’s largest city with more than 47,000 combined acres of land in active agriculture and farming production
- Agricultural sector growth forecast is signaling a boost in equipment demand
Contact brokers
Tractor Supply - Suffolk, VA (0 Properties)
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Last updated
Oct 15, 2025
