Princess Anne Marketplace
2052 South Independence Boulevard, Virginia Beach, VA, 23453, US
2,469 m²
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
...
Attributes
Asking price
IDR 115,120,691,000
Cap rate
5.85%
NOI
IDR 6,734,727,000
WAULT
12.3 years
Building area net
2,122 m²
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)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
15 Oct 2025
