Salisbury Marketplace
2092 Statesville Boulevard, Salisbury, NC, 28147, US
7,407 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 Shelby, North Carolina (“Property” or “Asset”). Tractor Supply is operating on a NN lease with ±17.3 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.
...
Attributes
Asking price
₱350,666,000
Cap rate
6%
NOI
₱21,040,000
WAULT
17.3 years
Building area net
2,037 sm
Year built
2022
Land area gross
2.44 ha
Media
Investment highlights
- Long-term, attractive lease structure with 17.3 years of remaining lease term and minimal landlord responsibilities
- Located near the intersection of US-74 Bypass with visibility to 44,500 VPD
- #11 most visited TSC in North Carolina and in the 95th percentile of most visited TSC locations in the U.S.
- 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
- Shelby is the #1 Micropolitan in North Carolina and #7 in the U.S.
- Agricultural sector growth forecast is signaling a boost in equipment demand
Contact brokers
Tractor Supply - Shelby, NC (0 Properties)
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Jun 27, 2025
