The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Tractor Supply located at 513 Nolan Drive in Smyrna, Tennessee for $2,950,000.
The 18,750 square foot property is located along US Highway 41, a primary thoroughfare leading directly to downtown Nashville. The population within a 5-mile radius has grown by 35% since 2010, reaching a current total of 110,000 residents. The property benefits from its proximity to a dense retail corridor which hosts national tenant such as Lowe’s, The Home Depot, Kroger, Publix, Target, Walmart, Raising Cane’s, McDonald’s, Chick-fil-A, and many others. Tractor Supply has successfully operated from this location since 1999 and recently signed a 10-year lease extension demonstrating commitment to the site.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a high-net-worth family engaging in estate planning. The seller was represented by Andrew Ragsdale of Colliers.
Tractor Supply Company (NASDAQ: TSCO), founded in 1938 by Charles E. Schmidt as a mail-order tractor parts business from his kitchen table in Chicago, has grown into the largest rural lifestyle retailer in the United States. Headquartered in Brentwood, Tennessee, the company now operates over 2,300 stores across 49 states, serving recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts, and those embracing "Life Out Here.
“Tractor Supply demonstrated commitment when they extended the lease for 10 years” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “The considerable low rent with a credit tenant in a tax free state attracted the purchaser to the asset.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
For more info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
