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Tractor Supply Co. 948 S State St 39,821 SF Retail Building Yadkinville, NC 27055 $4,697,398 ($117.96/SF) 6.15% Cap Rate
Investment Highlights
- Tractor Supply: 2,602 stores, $15.52B in net sales, publicly traded on NASDAQ (TSCO)
- Rent increases 5% every 5 years, cap rate grows from 6.15% to ~8.24% by final option
- Only Tractor Supply in Yadkin County; ~40,000 SF larger-format store serving 754+ farms
- Investment-grade credit: Baa1 Moody's and BBB S&P, stable outlook affirmed March 2026
- NN lease shifts majority of operating expenses to Tractor Supply — low-management investment
- Located in Colonial Shoppes on US-601 with Food Lion, CVS, McDonald's, Sheetz, and more
Executive Summary
Broker Of Record
Gerard Hamas
Matthews of North Carolina, LLC
362768, C42113 (NC)
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203 (866) 889-0550
Gerard Hamas
Matthews of North Carolina, LLC
362768, C42113 (NC)
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
39,821 SF
Building Class
B
Year Built/Renovated
1971/2003
Price
$4,697,398
Price Per SF
$117.96
Cap Rate
6.15%
NOI
$288,890
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
4.50 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
40 Spaces (1 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Tractor Supply Company began in 1938 as a mail-order tractor parts business and later expanded into retail, building a business around serving rural lifestyle needs. The company now offers products for home improvement, agriculture, lawn and garden maintenance, livestock, equine, pet care, and animal wellness. The business also includes Petsense by Tractor Supply and Allivet, extending its reach into pet specialty retail and online pet and animal pharmacy services. Tractor Supply continues to focus on customers pursuing farming, animal care, and hands-on living through stores, digital channels, and related brand offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 129616 | Improvements Assessment | $0 |
| Land Assessment | $568,282 | Total Assessment | $568,282 |
Property Taxes
Parcel Number
129616
Land Assessment
$568,282
Improvements Assessment
$0
Total Assessment
$568,282
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