Tractor Supply | 2024 Built-to-Suit | Florida
Jacksonville MSA Retail Corridor | Income Tax Free State
Investment highlights
● Located along U.S. Highway 1 (South Kings Road) in Callahan, Florida, this property sits within the growing Nassau County trade area just north of Jacksonville. Callahan serves as a key commercial hub for northern Nassau County and southern Georgia traffic, benefiting from strong regional draw and limited direct competition. The site offers excellent frontage and visibility along a primary north–south artery with convenient access and strong daily traffic counts. The surrounding area includes established residential neighborhoods, expanding rural development, and continued population growth driven by Jacksonville’s northern expansion. The site also benefits from strong retail synergy, with nearby national tenants including McDonald’s, Sunoco, Popeyes, Zaxby’s, Dollar General, Taco bell and more. New 2024 Construction with Long-Term Lease Security
● Delivered in 2024 as a built-to-suit development, this modern Tractor Supply store represents new-generation construction designed for long-term operational efficiency. The lease provides a 15-year initial term with four (4) additional five-year extension options, offering up to 35 years of total lease control. Long-Term NN+ Lease with Scheduled Rent Increases
● The lease boasts a NN+ structure, with Tenant being responsible for taxes, insurance, and CAM, minimizing landlord obligations to roof (15 year warranty), structure, and parking lot. There are scheduled 5% increases every five years throughout the base term and each of the four 5-year option periods. This structure provides predictable income growth and built-in inflation protection over the long term. The lease is fully guaranteed by Tractor Supply Company, a publicly traded, investment-grade national retailer, providing institutional-quality credit security.
● The property encompasses approximately ±3.61 AC, plus a separately defined access easement area, allowing for efficient circulation, truck access, and customer parking. The site design supports the Tractor Supply prototype format, including outdoor display areas and garden center components that are essential to the brand’s performance model. The parcel size and layout provide long-term operational flexibility and adaptability.
● Tractor Supply Company is the nation’s largest rural lifestyle retailer, operating more than 2,400 stores nationwide. The company serves a resilient customer base focused on agriculture, livestock, home improvement, and pet care—essential product categories that perform consistently across economic cycles. Tractor Supply’s continued national expansion, strong same-store sales performance, and category dominance make it a highly reliable long-term occupant and credit tenant.
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