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New Tractor Supply | Relocation Store | 15-Yr 239 General Rd 21,930 SF Retail Building Defuniak Springs, FL 32435 $9,673,000 ($441.09/SF)
INVESTMENT HIGHLIGHTS
- Brand New, 15-Year Lease | Scheduled Rental Increases | Established Brand | Relocation Store
- Part of New Development | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Strong Demographics in 15-Mile Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Located Along U.S. Hwy 331 (31,500 VPD) | Interstate 10 (20,200 VPD) | New Construction
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Tractor Supply Company investment property located in Defuniak Springs, Florida. The tenant recently relocated to this location and signed a brand-new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, foundation, parking lot (re-striping/sealing), & exterior utility lines making it an ideal, low-management investment opportunity for a passive investor. The newly-constructed building will feature a state-of-the-art design with high-quality materials. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 293 on the Fortune 500. The Company’s more than 50,000 Team Members are known for delivering legendary service and helping customers pursue their passions.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
21,930 SF
Year Built
2025
Price
$9,673,000
Price Per SF
$441.09
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
4.10 AC
Zoning
GC - General Commercial
Parking
88 Spaces (4.01 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Tractor Supply Company
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Tractor Supply Company | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,401,664 | |
| Land Assessment | $2,392,586 | Total Assessment | $5,794,250 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,392,586
Improvements Assessment
$3,401,664
Total Assessment
$5,794,250
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New Tractor Supply | Relocation Store | 15-Yr | 239 General Rd
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