Tractor Supply NNN Properties For Sale: Listings, Cap Rates and 1031 Buyer Guide

This page tracks Tractor Supply net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Tractor Supply credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.

Tractor Supply NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant Tractor Supply properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

Showing the 12 most recently listed of 67 observed listings; listings without a published asking price and cap rate are not shown here.

Search all 67 Tractor Supply properties on the market

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

What You Are Actually Buying

Tractor Supply operates its stores directly rather than franchising, so listings carry a corporate lease. The format is a retail building plus a fenced outdoor display and storage yard, and that yard is part of what the tenant is paying for. It also complicates reuse, because a replacement tenant may not need or be permitted to use it.

Tractor Supply building sizes vary across this inventory: most listings are in the range of roughly 19,000 to 25,000 square feet, often on four to five acres with outdoor display area, and some are much larger, which is why the price band inside the inventory is wide. Cap rate alone is a poor comparison tool here; price per square foot and rent per square foot relative to market are better.

Across the current inventory, roughly 53% of listings with a reported build year were delivered in the last four years, and about 45% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.

Tractor Supply Cap Rate, Price and Term Distribution

These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.

How to read the pricing

The spread inside the Tractor Supply inventory runs from 5.04% to 9.00%, against a median of 6.05%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.

Where Tractor Supply NNN Properties Are For Sale

Current inventory spans 30 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.

Shows the 12 states with the most listings, out of 30 states with Tractor Supply listings. Search all listings for the rest.

Tractor Supply as a 1031 Exchange Replacement Property

The median asking price in the current Tractor Supply inventory is $6.25M, and about 15% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.

• Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
• Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage.
• Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
• Certainty of closing matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.

For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.

Tractor Supply NNN Due Diligence Checklist

These are the items that change the value of a Tractor Supply listing and are rarely resolved by the offering memorandum.

• Rent to market. Confirm the contract rent is at or below market for the space. Above-market rent on a big box is the most common way buyers lose money in this category.
• Reuse and demisability. Assess whether the box can be subdivided and whether zoning, parking ratios and the REA permit it.
• Roof, structure and parking. Large footprints mean large capital items. Obtain inspections and price reserves.
• Term and options. Verify remaining term and whether options renew at fixed or market rent.

How Investment Grade Works With Tractor Supply Buyers

Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Tractor Supply acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.

Owners of existing Tractor Supply properties can use this page as a valuation benchmark. If you are weighing a sale, an off-market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.

Frequently Asked Questions

• Tractor Supply Credit Rating and NNN Cap Rate Profile
• NNN Cap Rates 2026: Tenant by Tenant Benchmarks
• 1031 Exchange Into Investment Grade Property
• Investment Grade Credit Tenant Ratings
• Search All Observed NNN Listings