1701 Blanding BlvdMiddleburg, FL 32068

Property Details for 1701 Blanding Blvd

Year built

2023

Lot size

5.03 AC

Property size (Sq ft)

24,500 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Middleburg

County

Clay

State

Florida

Latitude

30.1085

Longitude

-81.8224

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