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JLL is pleased to offer for sale the fee-simple interest in a freestanding, single-tenant Orscheln Farm & Home (the “Property” or “Asset” or “Orscheln”) located in Owensville, Missouri. Orscheln Farm & Home is a farm and ranch supply store with over 167 stores in 11 states and offers a wide variety of farm, ranch, hunting, pet, automotive and outdoor supplies. In February of this year, Orscheln announced it had entered into an agreement to be acquired by Tractor Supply Company, the largest operator of rural lifestyle retail stores in the United States in a transaction that is expected to add long-term value to the Orscheln brand. The lease provides over 6.5 years of lease term remaining with minimal landlord responsibility of structure and roof, and significant contractual rental increases throughout the primary term and renewal options. This offering presents the opportunity to acquire a high yielding Property leased to a growing brand with limited market competition.
- High yielding + low price point retail investment
- E-commerce resistant + stable tenancy
- Significant year-over-year store sales increase
- Pending acquisition by Tractor Supply Co. (S&P 'BBB') - further strengthening the brand
- Net lease structure with minimal landlord responsibilities