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Brand New Construction Tractor Supply 15 Year Lease – Riverview, FL

10717 Big Bend Rd, Riverview, FL 33579, USA
$5,365,352

Description

Marcus & Millichap is pleased to present for sale this Brand New Construction Tractor Supply in Riverview, Florida. An investor has the opportunity to enjoy a 15 year lease to a Fortune 500 Company with healthy 10% increases every 5 years in rent. Riverview is found along the banks of the Alafia River and is only 15 miles from downtown Tampa. Riverview is a bustling city with sharp population growth and an ever-growing population. Its population exploded from 12,000 in the year 2000 to 71,000 in 2018. Its major North-South Artery is US Highway 301 which passes through the heart of Riverview. Riverview has been ranked one of the best and largest suburbs of Tampa with plenty of space and a decent commute. It is known for quiet and diverse neighborhoods and safe and family-friendly communities. It has rave reviews from current and past residents and is ideal for young families, retirees and snowbirds escaping the harsh winters up North. Niche gives Riverview an “A” Rating as one of the best suburbs in Tampa to raise a family. The Public School System in Riverview is rated Above Average. Several Colleges and Universities can be found in close proximity to this Tractor Supply Property including Hillsborough Community College with 27,298 enrolled students , Florida Medical Academy and Southern Technical College.
Many Recreational Areas abound near this property including Golden Aster Scrub Preserve(1,181 Acres and a popular 3 Mile Hiking Trail) and Bullfrog Creek Mitigation Park (1,620 Acres with future recreational opportunities). Hospitals in close proximity are St. Joseph’s Hospital South, South Bay Hospital and Brandon Regional Hospital. St. Joseph’s Hospital is a full-service hospital with a 14 Bed Maternity Ward, imaging, lab, and surgical services. Brandon Regional Hospital is a full-service emergency care facility specializing in Women’s Health and Bariatrics. Brand New Developments in the immediate area include Panda Express, Culver’s, Goodwill, a Fairfield Suites Hotel and a Willie Jewells old School BBQ Anchored retail center.

  • Brand New Construction 15 Year Lease with 10% Increases Every 5 Years in the Base Term and Four (5 Year) Option Periods
  • Tractor Supply is a Fortune 500 Company with 2017 Revenues of $7.3 Billion (2016 Revenues were $6.8 Billion)
  • This Tractor Supply is Located in an Explosive Growth Submarket of Tampa with 700 Percent Population Growth Since the Year 2000
  • One and Three Mile Populations Expected to Increase by 28% in the Next Five Years
  • New Home Developments: There are More than 2,600 Brand New or Recently Sold New Homes in Various Developments in Riverview, Florida
  • This Property is Located just 1.5 Miles from the I-75 Exit of Big Bend Road which Experiences Daily Traffic Counts of More than 89,000 Vehicles
  • Rare Concrete Block Construction Building
  • Florida is a “No Income Tax State”

Download Offering Memorandum

  • City: Riverview
  • State/county: Florida
  • Zip/Postal Code: 33579
  • Country: United States

Detail

  • Price: $5,365,352

Additional details

  • NOI: $281,680.75

Features