Listed by SRS Real Estate Partners Newport Beach
$5,914,000
Tractor Supply | 15-Yr | Across from Publix-anchored Center
Details
APN 00-00-074-000-10201-000
Property Type Retail
Sub Type Storefront, Retail
Square Footage 21,930
Tenancy Single
Brand/Tenant Tractor Supply, Home Depot
Lease Type NN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 4, 5-year
Class B
Year Built 2016
Acreage 4.470
Zoning Commercial
Parking Spaces 84 spaces
Parking Per SqFt 3.83
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 21,930 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased Tractor Supply Co. (Nasdaq: TSCO) investment property located in Crawfordville, Florida.
Investment highlights
- The corporate entity recently executed a long-term lease structure backed by Tractor Supply Company (Nasdaq: TSCO), the largest rural lifestyle retailer in the United States with over 2,420+ stores nationwide
- Tractor Supply continues to demonstrate strong financial performance with approximately $6.5MM in average unit volume (AUV) across its national portfolio
- The lease features scheduled rental increases, enhancing long-term NOI growth and providing a hedge against inflation
- Tenant pays for CAM, taxes, insurance and maintains most on-site operational responsibilities
- Landlord responsibilities limited to roof, structure, foundation, parking lot (re-striping/sealing), and exterior utility lines
- Ideal, low-management investment for a passive investor
- The Tractor Supply Company is located along Crawfordville Highway (US-319), one of Wakulla County's primary commercial arteries, providing excellent visibility and strong daily traffic counts of 23,000+ vehicles per day
- The property sits within Crawfordville's dominant retail corridor surrounded by major national tenants including Walmart Supercenter, Publix, Walgreens, McDonald's, Taco Bell, Zaxby's, Ace Hardware, Bealls, AutoZone, Dollar General, Aldi, Starbucks, Verizon, O'Reilly Auto Parts, and other high-performing regional and national brands
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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