Tractor Supply is the largest rural lifestyle retailer in the United States, operating 2,395 Tractor Supply stores across 49 states plus 206 Petsense by Tractor Supply locations in 23 states as of December 27, 2025, and generating $15.52 billion in net sales for fiscal year 2025, a 4.3% increase over the prior year — providing investors with institutional-grade net lease credit behind every rent payment.
Corporate Guaranty
Signed by Tractor Supply Co., providing investors a more passive and reliable stream of income.
Credit Rating
Tractor Supply holds a Baa1 rating from Moody’s and a BBB rating from S&P, both with a stable outlook, reflecting consistent cash flow and a conservative, investment-grade financial profile.
Proven Growth & Scale
Tractor Supply ranks 296 on the Fortune 500 and employs more than 52,000 team members, with disciplined, ongoing store expansion reinforcing its position as the dominant player in rural lifestyle retail.
Recession-Resilient, Essential-Use Sector
Tractor Supply’s core categories — pet, livestock, agriculture, and home maintenance products — are among the most need-based and e-commerce-resistant in retail real estate, driven by consistent demand from rural and agricultural households regardless of economic cycle.
Fee Simple Ownership
The investor acquires full fee simple title to the land and building, providing maximum flexibility and long-term value retention.
Newer 15-Year Lease with 11.3 Years Remaining
The 15-Year Initial Term with Four (4) Five-Year Renewal Options, representing a potential ±31-year total lease commitment. The lease commenced October 22, 2022 and runs through October 21, 2037, with approximately 11 years, 3 months remaining as of the July 2026 abstract date.
Passive Investment Opportunity
The NN lease structure minimizes landlord responsibilities by shifting the majority of operating expenses to Tractor Supply, allowing investors to benefit from a reliable, low-management investment.
Internet-Resistant Business Model
Tractor Supply’s focus on livestock feed, fencing, farm and ranch supplies, pet products, propane and outdoor equipment generates frequent customer visits and supports long-term occupancy.