Tractor Supply | Rare 20 Year Lease

Investment Highlights

RARE 20 YEAR CORPORATE LEASE WITH RENT INCREASES IN THE PRIMARY LEASE TERM

• Tractor Supply Co. signed a rare 20 year corporate guaranteed lease demonstrating their confidence in this location.

• There are 5% rent increases every 5 years in the primary lease term and in each of the four – 5 year option periods.

• The Landlord is responsible for Roof, Structure, Parking Lot, and pro rata share of CAM expenses (Access Driveway & Stormwater System)

• The store is open and rent commenced in April 2025.

POSTIONED BETWEEN RALEIGH/DURHAM & GREENSBORO/WINSTON SALEM, NC

• The subject property is strategically located off Interstate 40 in between Raleigh/Durham & Greensboro/Winston Salem.

• Raleigh is the capital of North Carolina, is the second most populous city in the state and the largest city in the Research Triangle.

• The Research Triangle is a major metropolitan region in North Carolina anchored by Raleigh, Durham, and Chapel Hill. Named for its three top-tier

research universities—Duke, UNC-Chapel Hill, and NC State—it is a global hub for technology, biotechnology, and scientific research.

• The Research Triangle area has a population of over 2.37 million people which as grown 120% over the last 25 years.

• Greensboro is the 3rd most populous city in the state and is the largest city in the Piedmont Triad region of over 1.17 million residents.

RETAIL & INDUSTRIAL POCKET OFF INTERSTATE 40 (112,000 VPD)

• Tractor Supply is positioned directly off an I-40 exit at a signalized intersection on Mebane Oaks Rd (28,500 VPD).

• I-40 is a major interstate connecting Mebane to Raleigh/Durham and Greensboro/Winston Salem.

• The subject property is surrounded by nearly 2 million square feet of retail within a 2 mile radius.

• There is 5.7 million square feet of Industrial and office space within a 2 mile radius that supports the 9,800 jobs in Mebane.

ACROSS FROM WALMART SUPERCENTER

• Tractor Supply is directly across the street from a Walmart Supercenter with outparcels including Taco Bell, Zaxby’s, Arby’s, and Cook out.

• Tractor Supply sits behind a top performing Chick-fil-A that ranks in the top 1% in the country and in North Carolina supporting over 1.37 million

customers annually..

• Third & Wood, a new 82.9 acre mixed-used development is located one exit west of this Tractor. The development will be anchored by Target and

include 300K SF of retail, 683 residential units, and is scheduled to deliver in Spring 2027.

• A new Buc-ee’s Travel Center is under construction one exit west of this Tractor Supply. Its expected to open in 2027 and will be one of Buc-ee’s

largest locations.

• There are additional residential and mixed use projects under development in Mebane to support the ongoing population & job growth.

INVESTMENT GRADE TENANT (S&P:BBB) WITH 2,400+ LOCATIONS

• Tractor Supply Company is the largest brick and mortar retailer serving recreational farmers, ranchers, homeowners, gardeners, and pet enthusiasts nationwide.

• Tractor Supply plans to open 100 new stores in 2026.

• Tractor Supply is a publicly traded (NYSE: TSCO) Fortune 500 company with an S&P investment grade credit rating of BBB.

• The company was founded in 1938, has 2,400+ locations in 49 states, 50,000 employees, and is headquartered in Brentwood, TN

• Tractor Supply continues to achieve strong financial performance, supported by an average unit volume of approximately $6.5M.

• 2025 Annual Revenue exceeded $14.88 Billion.