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ExchangeRight Completes Nine-State Sale-Leaseback with Tractor Supply
Pasadena-based ExchangeRight acquired 13 net-leased properties for an undisclosed sum as part of a sale-leaseback transaction with Tractor Supply. The properties collectively span more than 425,000 square feet across Arizona, Florida, Georgia, Indiana, Maryland, Ohio, Pennsylvania, South Carolina and Texas. ExchangeRight has now expanded its portfolio of assets net leased to Tractor Supply to more than 100 properties.
“Tractor Supply provides essential goods and has a strong BBB investment-grade credit rating from S&P, which are the kinds of stable qualities we look for in all tenants of our diversified net-leased offerings,” said David Fisher, a managing partner at ExchangeRight. “Their consistent performance helps us meet the needs of our investors, and we are grateful to have them as one of the top tenants across our portfolio.”
JRW Realty advised ExchangeRight on the transaction. Berkeley Capital Advisors represented the seller.
“Our client has maintained a relationship with Tractor Supply for more than a decade,” said Melinda Marston, president of JRW Realty.
- ◦Sale/Acquisition
