Curated News
By: NewsRamp Editorial Staff
September 26, 2025
SRS Completes $6.98M Tractor Supply Property Sale in Castle Hayne
TLDR
- SRS Real Estate Partners secured a $6.98 million sale providing the buyer with investment-grade credit tenant Tractor Supply and stable income for 14 years.
- SRS arranged the sale of a 21,930-square-foot property on 11.5 acres with a corporate-guaranteed lease as part of a 1031 exchange transaction.
- This commercial property sale supports economic development in Castle Hayne near planned residential and retail spaces serving over 467,000 local residents.
- The newly constructed Tractor Supply property sits across from a proposed 27-acre development and just four miles from Wilmington International Airport.
Impact - Why it Matters
This transaction demonstrates the ongoing strength of commercial real estate investments backed by credit-worthy national retailers, providing valuable insights for investors seeking stable income properties. The sale highlights how properties with long-term leases from investment-grade tenants like Tractor Supply continue to attract significant capital, particularly in growing markets like the Wilmington MSA. For commercial real estate professionals and investors, this deal serves as a benchmark for similar transactions and underscores the importance of location, tenant credit quality, and development potential in property valuation. The successful completion of this sale during a period of economic uncertainty reinforces confidence in the retail real estate sector and may influence investment strategies for similar properties nationwide.
Summary
SRS Real Estate Partners has successfully completed a significant $6.98 million commercial real estate transaction involving the sale of a newly constructed 21,930-square-foot property occupied by Tractor Supply in Castle Hayne, North Carolina. The property, situated on 11.5 acres at 3400 Castle Hayne Road, featured a strong investment profile with 14 years remaining on a corporate-guaranteed lease from Tractor Supply at the time of sale. SRS Capital Markets Executive Vice President & Managing Principal Calvin Short represented the seller, a Pinehurst, NC-based developer, while Pierce Mayson with Matthews REIS represented the buyer, a Conyers, GA-based private investor who was executing the second phase of a 1031 exchange.
The transaction highlights the continued strength of the commercial real estate market, particularly for properties backed by investment-grade credit tenants like Tractor Supply. Calvin Short emphasized the property's appeal, noting that "This asset provided the buyer with high-quality, new construction and a stable income stream backed by Tractor Supply, an investment-grade credit tenant." The property's strategic location adds to its value proposition, positioned directly across from Moore's Crossing, a proposed 27-acre development that plans to include grocery, residential, and retail components. Located within the Wilmington Metropolitan Statistical Area, which boasts over 467,000 residents within a five-mile radius, and just four miles from Wilmington International Airport, the property benefits from strong demographic and accessibility advantages.
This transaction contributes to SRS Capital Markets' impressive 2024 performance, which has surpassed $1.7 billion in deal volume across more than 500 transactions nationwide. The firm currently maintains an active portfolio of over 845 properties with a collective market value exceeding $3.7 billion. Founded in 1986 and headquartered in Dallas with 29 offices across the United States, SRS Real Estate Partners has established itself as a leading force in commercial real estate, building upon its retail foundation to provide comprehensive solutions for tenants, owners, and investors. For more information about their services and portfolio, interested parties can visit srsre.com.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, SRS Completes $6.98M Tractor Supply Property Sale in Castle Hayne
