For Sale
$10,500,000

1701 Blanding BlvdMiddleburg, FL 32068

Florida Retail Investment Opportunity. Strong Tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 24,500-square-foot Tractor Supply Co. store in Middleburg, Florida. Located on a 5.03-acre lot with 110 parking spaces, the property boasts a prime location on Blanding Boulevard (SR 21), a major retail corridor in the Greater Jacksonville MSA. The single-tenant, Class A building features a 15-year net lease with four 5-year renewal options, commencing October 27, 2023, and expiring November 1, 2038. Rent increases by 5% every five years. The property benefits from a strong, credit-rated corporate guarantor (Tractor Supply Co., NASDAQ: TSCO, S&P 'BBB' rating), with $14.6 billion in net sales in 2023. The building was constructed in 2023 and includes a 20,000+ square foot fenced outdoor display area, outdoor barn structure, and permanent trailer and equipment display areas. The asking price is $10,500,000, representing a price per square foot of $428.57. The property's current Net Operating Income (NOI) is $461,643. Middleburg's central location between Jacksonville, Gainesville, and St. Augustine further enhances the property's investment appeal. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a strong tenant and significant upside potential. The property is zoned for commercial use.

Highlights

  • Brand new, 24,500 square foot Tractor Supply Co. store on a 5.03-acre lot in Middleburg, FL.
  • 15-year net lease with four 5-year renewal options, commencing October 27, 2023, and including 5% rent increases every five years.
  • Prime location on Blanding Boulevard (SR 21), a major retail corridor in the Greater Jacksonville MSA.
  • Strong corporate guarantor: Tractor Supply Co. (NASDAQ: TSCO), S&P 'BBB' rating, with $14.6 billion in 2023 net sales.
  • $10,500,000 asking price ($428.57/SF), with a current NOI of $461,643.

Property Details for 1701 Blanding Blvd

Property type
Retail properties, Retail space
Square Feet
24,500 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
219,107 SF

Location Insight

City
Middleburg
County
Clay
State
Florida
Latitude
30.108469624532
Longitude
-81.822379943718
1701 Blanding Blvd, Middleburg, Florida

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1701 Blanding Blvd
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