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Tractor Supply Co. 1673 W Highway 48 19,087 SF Retail Building Bushnell, FL 33513 $4,580,000 ($239.95/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Tractor Supply is a Fortune 500 Company with 2024 Revenues of $14.88 Billion (A 2.2% Increase over 2023)
- Sumter County Has Over 1,400 Farms Totaling Over 190,000 Acres Which Provides More Than 11,200 Jobs
- Rent Growth | 5% Increases Every 5 Years
- Nasdaq: TSCO | Just Under $30 Billion Market Cap | Stock has Increased More than 104% Over the Past 5 Years
- Tractor Supply Just Extended Early an Additional Seven Years to the Lease
- Newer Construction Corporate Guaranteed
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale this freestanding, singletenant Tractor Supply located in Bushnell, Florida. 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 15 years remaining on the base term.
There are four, five year option periods with a five percent increase in rent. This is an ideal passive investment opportunity with very minimal landlord responsibilities being offered at 5.50 percent capitalization rate. The subject property consists of a 19,087 square foot retail space with ample parking on a 3.92-acre parcel. It is strategically located on Highway 48 between Interstate 75 and Highway 287 with traffic counts in excess of 13,100 vehicles per day and benefits from 10,776 full-time residents with an affluent household income exceeding $76,907.
Since 2000, the five-mile population has increased over 21 percent. 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.
There are four, five year option periods with a five percent increase in rent. This is an ideal passive investment opportunity with very minimal landlord responsibilities being offered at 5.50 percent capitalization rate. The subject property consists of a 19,087 square foot retail space with ample parking on a 3.92-acre parcel. It is strategically located on Highway 48 between Interstate 75 and Highway 287 with traffic counts in excess of 13,100 vehicles per day and benefits from 10,776 full-time residents with an affluent household income exceeding $76,907.
Since 2000, the five-mile population has increased over 21 percent. 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,087 SF
Building Class
B
Year Built
2016
Price
$4,580,000
Price Per SF
$239.95
Cap Rate
5.50%
NOI
$251,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
3.92 AC
AMENITIES
- Pylon Sign
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | N17-116 | Improvements Assessment | $1,474,870 |
| Land Assessment | $339,800 | Total Assessment | $1,814,670 |
PROPERTY TAXES
Parcel Number
N17-116
Land Assessment
$339,800
Improvements Assessment
$1,474,870
Total Assessment
$1,814,670
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Tractor Supply Co. | 1673 W Highway 48
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