Tractor Supply – Newer Construction High Growth Florida Market

1673 FL-48, Bushnell, FL 33513, USA
$4,163,636

Description

Marcus & Millichap is pleased to present for sale this freestanding, single-tenant Tractor Supply located in Bushnell, FL. Bushnell, the county seat of Sumter County, is located in the central part of
the state about an hour west of Orlando and north of Tampa. The fee simple lease, backed by Tractor Supply Company, has over twelve years remaining on the base term. There are four, fiveyear
option periods with a ten percent increase in rent. This is an ideal passive investment opportunity with very minimal landlord responsibilities being offered at 5.60 percent capitalization rate.
The subject property consists of a 19,097 square foot retail space with ample parking on a 3.90-acre parcel. It is strategically located on Highway 48 between Interstate 75 and Highway 287 with traffic counts in excess of 10,600 cars per day and benefits from 11,533 full-time residents with an affluent household income exceeding $60,365.
Since 2000, the five-mile population has increased over 21%. National and Regional retailers in the immediate area include Walmart Supercenter, CVS, Advance Auto Parts, Family Dollar, McDonald’s to name a few.
Tractor Supply Company (NASDAQ: TSCO) is an American retail chain of stores that offers products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine
and pet care.

  • 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
  • Sumter County Has Over 1,400 Farms Totaling Over 190,000 Acres Which Provides More Than 11,200 Jobs (27.1% of total) in Sumter County
  • Attractive Rent Growth | 10% Increases Every 5 Years
  • Newer Construction Corporate Guaranteed
  • Projected Population Growth within one, three and five miles of 12.5% by 2024
  • Roof Warranty in Place for 20-Years From Year of Construction (2017)
  • Limited Competition | Closest Competitors (Harbor Freight Tools, Rural King) Are Over 25 Miles Away and Nearest Tractor Supply Location is 25 Miles
  • Only 0.6 Miles from Entrance to I-75 with over 52,000 vehicles a day
  • Florida is a “No Income Tax State”

Property Documents

  • City: Bushnell
  • State/county: Florida
  • Zip/Postal Code: 33513
  • Country: United States

Detail

  • Price: $4,163,636

Additional details

  • CAP Rate: 5.50%
  • NOI: $229,000

Features