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177 Hickman Dr
Springville, AL 35146
Tractor Supply Company · Retail Property For Sale
Investment Highlights
- New 15-year net lease to Tractor Supply Company, the largest rural lifestyle retailer in the U.S. with over 2,300 locations across 49 states.
- Corporate-backed lease by Tractor Supply Company (NASDAQ: “TSCO”, S&P: “BBB”, Moody’s: “Baa1” rating) offers investment-grade credit security.
- Tractor Supply Company plans to open approximately 100 new stores in 2026.
- 5% rental increases every five (5) years in initial term and four (4) option periods of five (5) years each, ensuring consistent income growth.
- Net sales increased by 4.3% in 2025 to $15.5 billion, driven by new store openings & the acquisition of Allivet, a privately held online pet pharmacy.
Executive Summary
This Tractor Supply occupies a prime retail location along Legacy Park Drive, directly off Highway 174, offering excellent visibility and convenient accessibility. The site also benefits from direct visibility and access to Interstate 59, which carries more than 29,000 vehicles per day and provides strong exposure to commuter traffic.
The property is secured by a corporate-backed lease from Tractor Supply Company (NASDAQ: TSCO), an S&P BBB rated tenant, offering investors stable, investment grade credit security.
The surrounding area has experienced significant growth, including a 44 percent population increase within a one mile radius since 2010. The strong demographic profile is further supported by an average household income of $115,733 within a three mile radius.
Additional economic momentum is being driven by recent multi million dollar investments in nearby industrial rail parks and infrastructure improvements, which have contributed to a 23.4 percent surge in median household income recorded in 2025.
Strategically positioned between Huntsville and Birmingham, the property benefits from regional connectivity and access to long distance commuters traveling between the two major markets.
Looking ahead, projected population and income growth within the one, three, and five mile radii position both this Tractor Supply location and the Springville market for continued long term growth.
The property is secured by a corporate-backed lease from Tractor Supply Company (NASDAQ: TSCO), an S&P BBB rated tenant, offering investors stable, investment grade credit security.
The surrounding area has experienced significant growth, including a 44 percent population increase within a one mile radius since 2010. The strong demographic profile is further supported by an average household income of $115,733 within a three mile radius.
Additional economic momentum is being driven by recent multi million dollar investments in nearby industrial rail parks and infrastructure improvements, which have contributed to a 23.4 percent surge in median household income recorded in 2025.
Strategically positioned between Huntsville and Birmingham, the property benefits from regional connectivity and access to long distance commuters traveling between the two major markets.
Looking ahead, projected population and income growth within the one, three, and five mile radii position both this Tractor Supply location and the Springville market for continued long term growth.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
21,930 SF
Building Class
B
Year Built
2026
Price
$8,130,000
Price Per SF
$370.73
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
5.50 AC
Parking
70 Spaces (3.19 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 13-09-32-0-003-053.000 | Improvements Assessment | $0 |
| Land Assessment | $224,740 | Total Assessment | $224,740 |
Property Taxes
Parcel Number
13-09-32-0-003-053.000
Land Assessment
$224,740
Improvements Assessment
$0
Total Assessment
$224,740
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