Tractor Supply Co. continues to demonstrate stable growth in 2025, announcing plans to open approximately 90 new Tractor Supply stores and 10 new Petsense by Tractor Supply locations by year-end. The company is steadily moving toward its long-term goal of operating 3,200 locations nationwide. In Q1 2025, net sales increased by 2.1% to $3.47 billion, even as comparable store sales dipped by 0.9% due to ongoing macroeconomic challenges. Management remains optimistic, projecting improved performance throughout the year as inflationary pressures ease and consumer demand stabilizes.
For net lease investors, Tractor Supply Co. offers a highly attractive tenant profile with strong rural and suburban market penetration, essential product offerings, and consistent financial performance. The company typically signs long-term leases for freestanding stores with large parking lots and easy access for agricultural and recreational vehicle users. Investors should look for assets in growing exurban markets or regions with strong DIY, farming, and outdoor lifestyles. With steady expansion, no significant closures, and a well-managed balance sheet, Tractor Supply remains a dependable and resilient tenant for long-term NNN investment strategies.