Rare Trophy Location Tractor Supply – Naples, Florida

13235 Tamiami Trail E, Naples, FL 34114, USA
$8,098,000

Description

Marcus & Millichap is pleased to present for sale this freestanding, single-tenant Tractor Supply located in Naples, Florida. Naples is an affluent city on the Gulf of Mexico in southwest Florida well known for its shopping, golf courses and family getaways. With a population of over 21,948 people, the median household income here is over $90,507.
Located just 10 minutes from the property is Physicians Regional Hospital-Collier Blvd. Campus with a 212,400 square foot, 100 Bed Acute Care hospital and a 94,000 square foot Medical Building also on campus. Also in close proximity to the property is Florida Southwestern State College with a student enrollment of 16,576. Only eight minutes from the property is Sugden Regional Park, a popular 60-acre lake and freshwater beach recreational area with walking paths, picnic areas and paddle boats.
This Tractor Supply property is well positioned along Tamiami Trail (U.S. Route 41) and Collier Boulevard with over 57,000 vehicles passing each day. The Tamiami Trail runs from downtown Miami through the scenic Everglades and up the Gulf Coast ending in Tampa. The property is also in close proximity to Lowe’s, Walmart, Hobby Lobby, Marshalls, Ross Stores, Michael’s, Publix,
Walgreens, 7-Eleven, CVS and many others.

  • Tractor Supply is a Fortune 500 Company with 2018 Revenues of $7.91 Billion (2017 Revenues were $7.25 Billion), a 9.02% increase over 2017
  • Naples has seen a steady two percent average year over year increase in population since 2010 | Projected population growth within 3 miles of 13.4% by 2024
  • Upside Potential & Downside Protection | Subject Property on Oversized Site of 2.96 Acres
  • Limited Competition | Closest competitors (Harbor Freight Tools, Rural King) are over 20 miles away and nearest Tractor Supply location is 44 miles
  • Naples was named the #1 Best Destination for Luxury travelers by editors and readers of USA Today’s 10 Best travel section
  • Florida is a “No Income Tax State”

Property Documents

  • Tractor-Supply-Naples-FL-om-ib
  • City: Naples
  • State/county: Florida
  • Zip/Postal Code: 34114
  • Country: United States

Detail

  • Price: $8,098,000

Additional details

  • CAP Rate: 6.50%
  • NOI: $526,350

Features