29 NM 518
Las Vegas, NM 87701
Tractor Supply Co. | Las Vegas, NM · Retail Property For Sale

The lease structure is double net (NN), with minimal landlord responsibilities. There are ten (~10) years remaining on the lease term, plus four (4), five (5) year options. The lease provides for 10% rental increases every five (5) years. A majority of new Tractor Supply leases have 5% rental increases every five (5) years. The lease is corporately guaranteed by Tractor Supply Company, the largest operator of rural lifestyle retail stores in America. Tractor Supply is a highly regarded company with zero debt (NASDAQ: TSCO). Tractor Supply has strong frontage on Hwy 518, which reports high traffic counts of 14,303 cars per day at this location. Tractor Supply is located in a strategically rural location surrounded by farm land, and is the only Tractor Supply in the city of Las Vegas, NM. The next closest Tractor Supply is located 80 miles away. There are 51,439 residents located in the forty (40) mile demographic ring. Las Vegas, NM is located just an hour outside of Santa Fe, NM and two hours from Albuquerque, NM.