Tractor Supply Co. Long Term Net Lease 810 Dieckmann Dr 23,214 SF Retail Building Paynesville, MN 56362 $4,829,268 ($208.03/SF)

This offering presents the opportunity to acquire a Tractor Supply Co. property in Paynesville, Minnesota, backed by a long-term double net (NN) lease. The current lease runs through March 31, 2039, providing stable, predictable income, with four additional five-year renewal options that offer long-term upside and flexibility.
Positioned just off Highway 23, the property benefits from excellent visibility and easy regional access. It's surrounded by several national retailers, creating a strong retail corridor with consistent traffic and serving a loyal mix of rural and suburban customers. These fundamentals help support the property's long-term investment appeal.
The lease is backed by Tractor Supply Co.'s corporate guarantee, providing added security for investors. Rent increases are built into the lease every five years, including throughout each renewal option, creating steady income growth over the life of the investment.