Description

This Tractor Supply property presents an excellent investment opportunity, offering over 13 years remaining on the primary lease term with a recent 8-year early extension. The lease provides a 5% rent increase in December 2033 along with three additional five-year renewal options, each including 5% rent escalations. Backed by Tractor Supply, a Fortune 500 retailer with more than 2,200 locations nationwide, the property features minimal landlord responsibilities, making it an ideal 1031 exchange investment. Since opening in 2005, the store has maintained strong occupancy and serves as an essential retailer with an established customer base. Strategically located in the Rochester MSA—the third largest in New York—the property benefits from its position in a significant agricultural hub, supported by Cornell’s AgriTech program and a robust local farming economy that generates $293 million annually. Ontario County boasts over 250,000 acres of farmland, 833 farms, and an average household income exceeding $81,500 within a 10-mile radius. Additionally, the property sits on a 72-acre site in Geneva, the only farming equipment store in the area, drawing from both the agricultural community and the 5.56 million annual visitors to the Finger Lakes recreational region.