Tractor Supply Company

20460 U.S. 441, High Springs, FL 32643

$5,550,000

Cap Rate 6.00%

Views: 134 DOM: 240 Updated: 10.25.24 Posted: 04.25.24 Status: Active

Summary

Price $5,550,000	Built/Renov 2023	Tenant Tractor Supply Company
Cap Rate 6.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 21,930	Lease Start 03-25-2023	#Units 2,414
Price/SF $253.08	Expiration 03-31-2039	Tenant Type General Retail
NOI $333,000	R. Term 14.3	Ownership Fee Simple
Rent/SF $15.18	Increases 5.0%/5/yrs	Pop 5Mi 7,141
Lot/AC 5.01	Options 4/5yrs/5%	AHHI 5Mi $61,752

Bob Moorhead

Secure Net Lease

Contact

Lease Highlights

Brand new 2023 construction
14+ years remaining on the current lease term with 4 (5-year) options to extend
5% rental increases every 5 years throughout the primary term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Tractor Supply Company is strategically located on US Highway 441, with access to a daily traffic count of 10,364 vehicles. Situated in an agriculture-driven market, the property is surrounded by numerous farms. The immediate trade area is surrounded by well-known national tenants including True Value, Ace Hardware, Hardee's, Family Dollar, CVS Pharmacy, and more. The 5-mile trade area is...

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Key Features

New construction
Dense retail corridor
Near major nationals
Strategically located
Highway location
Major MSA
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Tractor Supply Company Wikipedia Tractor Supply Company Wikipedia High Springs, Florida Zip Code 32643 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tractor Supply Company
Guarantor:Corp T and Rated
Company:Tractor Supply Company
# Units:2,414
Tenant S&P: BBB
Moody’s: Baa1
Stock: NASDAQ: TSCO

About Tenant

Tractor Supply Company (also known as TSCO or TSC), founded in 1938, is an American retail chain of stores that sells products for home improvement, agriculture, lawn and garden maintenance,...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Santa Fe Boulevard	United States Hwy 441	2022	8,200	0.13 mi
Santa Fe Boulevard	Hwy 441	2022	4,800	0.62 mi
Santa Fe Boulevard	NW 6th St	2022	12,300	0.67 mi
NW 1st Ave	N W 19th St	2005	8,600	0.74 mi
Northwest 1st Avenue	NW 21st St	2022	9,600	0.85 mi
Northwest 1st Avenue	NW 4th St	2022	10,000	0.99 mi
Santa Fe Blvd	NW 1st St	2005	10,300	1.08 mi
N Main St	NE 3rd Ave	2005	7,600	1.13 mi
High Springs Main Street	NE 3rd Ave	2022	7,400	1.16 mi
NW 1st Ave	NW 1st St	2005	9,300	1.21 mi

Listing Broker

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