Tractor Supply Co. Tenant Overview

Tenant Description

Tractor Supply Co. is the largest operator of rural lifestyle retail stores in the US.

Tractor Supply is a highly sought after net lease brand because its aggressive expansion and financial strength. Tractor Supply stores dominate a corner of the market. They “supply the unique products to support their customers' rural lifestyle, from welders and generators to animal care products and men and women's work-wear. You can also find pet supplies, animal feed, power tools, riding mowers, lawn and garden products and more. Each store team includes welders, farmers and horse owners who collectively provide an exceptional depth of knowledge and resources.” No other Big-Box retailer can match the width of products and depth of the staff’s knowledge. Tractor Supply will remain an attractive net lease asset as they continue to thrive financialy.

Tractor Supply stores are primarily located in towns outlying major metropolitan markets and in rural communities. The typical Tractor Supply store has about 19,000 square feet of space inside, with a similar amount of outside area due to their large outdoor displays The Company leases approximately 93% of its stores, two distribution sites and its Merchandising Innovation Center located in Nashville, Tennessee. Store leases typically have initial terms of 15 years, with two (2) to four (4) renewal periods of five (5) years each.

As of 12/29/2018, Tractor Supply Co operates 1,765 stores in 49 states and employs more than 24,000 team members. Tractor Supply Co also owns and operates Pensense, a small-box pet specialty supply retailer which has 175 locations in 26 states. Tractor Supply Co is headquartered in Brentwood, Tenn and its stock is traded on the NASDAQ exchange under the symbol "TSCO". In 2018 Tractor Supply was #391 on the Fortune 500.

The company was founded in 1938 as a mail order catalog business offering tractor parts to America's family farmers. Today Tractor Supply is a leading-edge retailer with annual revenues of approximately $7.91 billion.