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Investment Highlights

  • Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • TX-359 (21,000 VPD) | Strong National/Credit Tenant Presence
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong Demographics In Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Tractor Supply Company investment property located in Alice, Texas. The tenant, Tractor Supply Co. of Texas LP, has approximately 2 years remaining with 3 (5-year) options remaining to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
24,727 SF
Building Class
B
Year Built
2007
Price
$5,772,401 CAD
Price Per SF
$233.45 CAD
Cap Rate
6.50%
NOI
$375,212 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
6.14 AC
Zoning
Commercial
Parking
64 Spaces (2.59 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Tractor Supply Company began in 1938 as a mail-order tractor parts business and later expanded into retail, building a business around serving rural lifestyle needs. The company now offers products for home improvement, agriculture, lawn and garden maintenance, livestock, equine, pet care, and animal wellness. The business also includes Petsense by Tractor Supply and Allivet, extending its reach into pet specialty retail and online pet and animal pharmacy services. Tractor Supply continues to focus on customers pursuing farming, animal care, and hands-on living through stores, digital channels, and related brand offerings.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
12678-001-000-00
Land Assessment
$308,682 CAD
Improvements Assessment
$2,014,858 CAD
Total Assessment
$2,323,539 CAD
  • Listing ID: 38169312

  • Date on Market: 2025-10-22

  • Last Updated:

  • Address: 3736 E Highway 44, Alice, TX 78332

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