Tractor Supply | New Build | Jackson MSA | 1350 Brookway Ext NW blvd
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Tractor Supply | New Build | Jackson MSA 1350 Brookway Ext NW blvd
19,097 SF Retail Building Brookhaven, MS 39601 £4,856,985 (£254/SF)
Investment Highlights
- Brand New 2023 Construction with Location Opened on May 26, 2023
- Corporate Guaranteed Lease with Investment Grade Tenant (BBB S&P Rating / Baa1)
- Lincoln County is home to 100,793 Acres of Farm Land with an Average Farm Size of 165 Acres
- New Protype Featuring Outdoor Garden Center, Equipment Display and ~20,000 SF Fenced in Outdoor Display
- Local Economy Fueled by Agriculture with nearly 611 farms in Lincoln County Producing over $72 Million in Agricultural Products
- 27,000 Vehicles Pass the Site Daily on Brookway Boulevard and 25,000 Vehicles Travel Daily by on I-55
Executive Summary
Please contact agent for full pricing as rental terms are confidential.
Graystone Capital Advisors has been exclusively engaged to present for sale this newly constructed Tractor Supply Company located in Brookhaven, Mississippi. The 19,097 SF single-tenant building sits on 3.23 Acres on US-90, the main corridor through the town, running parallel to I-10. This location is unique as it features Tractor Supply Company’s new corporate initiatives including a Garden Center, Equipment Display Area and a 20,000 square foot fenced in outdoor display area, further serving consumer demand.
The Offering recently opened for business in May 2023 and has 14 years remaining on the lease with additional four, five year options. Rent increases by 5% every 5 years, including the four option periods to help hedge inflation. The lease is corporately guaranteed by Tractor Supply Company, a publicly traded (TSCO) company, rated BBB / Baa1. There are over 2,200 locations nationwide. Additionally, the NNN structure of the lease limits landlord responsibilities to only roof, structure, parking, and general liability insurance.
With excellent visibility and a prominent location on Brookway Boulevard, the town’s major retail corridor, the site also has easy access to the on and off ramps of I-55. Over 27,000 vehicles pass the site daily on Brookway Boulevard and an additional 25,000 vehicles travel through on I-55. Immediately behind the site is the USDA Service Center and Brookhaven Animal Medical Center, directly complimenting Tractor Supply’s target audience. There are also numerous hotels directly off the I-55 exit and national retailers in the immediate area such as Home Depot, Walmart Super Center, Cracker Barrel, Dairy Queen Starbucks, TJ Maxx, Beals, Burger King and Valvoline.
Brookhaven’s trade area is fueled by Agriculture, Mining, Health Care, Social Assistance, Retail Trade, Educational Services, Quarrying and Oil & Gas Extraction. There are over 611 farms in Lincoln County which produce over $72 Million of agricultural products annually. The average farm size in the county is 165 Acres with a total of 100,793 acres dedicated to farms. In the immediate 5-Mile radius surrounding the subject, there are over 30 ranches and farms. This is the targeted consumer base for Tractor Supply, America’s largest rural lifestyle retailer who serve farmers, ranchers and tradesmen in markets driven by agriculture.
Brookhaven is also the county seat of Lincoln County, promoting a stable local economy and job security. The town is 45 Miles south of Jackson, the Capitol of Mississippi. The state is home to six national forests, of which Homochitto, Bienville and Desota, the largest, are closest to Brookhaven.
Graystone Capital Advisors has been exclusively engaged to present for sale this newly constructed Tractor Supply Company located in Brookhaven, Mississippi. The 19,097 SF single-tenant building sits on 3.23 Acres on US-90, the main corridor through the town, running parallel to I-10. This location is unique as it features Tractor Supply Company’s new corporate initiatives including a Garden Center, Equipment Display Area and a 20,000 square foot fenced in outdoor display area, further serving consumer demand.
The Offering recently opened for business in May 2023 and has 14 years remaining on the lease with additional four, five year options. Rent increases by 5% every 5 years, including the four option periods to help hedge inflation. The lease is corporately guaranteed by Tractor Supply Company, a publicly traded (TSCO) company, rated BBB / Baa1. There are over 2,200 locations nationwide. Additionally, the NNN structure of the lease limits landlord responsibilities to only roof, structure, parking, and general liability insurance.
With excellent visibility and a prominent location on Brookway Boulevard, the town’s major retail corridor, the site also has easy access to the on and off ramps of I-55. Over 27,000 vehicles pass the site daily on Brookway Boulevard and an additional 25,000 vehicles travel through on I-55. Immediately behind the site is the USDA Service Center and Brookhaven Animal Medical Center, directly complimenting Tractor Supply’s target audience. There are also numerous hotels directly off the I-55 exit and national retailers in the immediate area such as Home Depot, Walmart Super Center, Cracker Barrel, Dairy Queen Starbucks, TJ Maxx, Beals, Burger King and Valvoline.
Brookhaven’s trade area is fueled by Agriculture, Mining, Health Care, Social Assistance, Retail Trade, Educational Services, Quarrying and Oil & Gas Extraction. There are over 611 farms in Lincoln County which produce over $72 Million of agricultural products annually. The average farm size in the county is 165 Acres with a total of 100,793 acres dedicated to farms. In the immediate 5-Mile radius surrounding the subject, there are over 30 ranches and farms. This is the targeted consumer base for Tractor Supply, America’s largest rural lifestyle retailer who serve farmers, ranchers and tradesmen in markets driven by agriculture.
Brookhaven is also the county seat of Lincoln County, promoting a stable local economy and job security. The town is 45 Miles south of Jackson, the Capitol of Mississippi. The state is home to six national forests, of which Homochitto, Bienville and Desota, the largest, are closest to Brookhaven.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,097 SF
Building Class
B
Year Built
2023
Price
£4,856,985
Price Per SF
£254
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
3.23 AC
Opportunity Zone
Yes
Parking
69 Spaces
Frontage
295 ft on Brookway Boulevard Extens
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | B77-14-2-018 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £80,342 |
PROPERTY TAXES
Parcel Number
B77-14-2-018
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£80,342
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Tractor Supply | New Build | Jackson MSA | 1350 Brookway Ext NW blvd
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