1673 W Highway 48 - Storefront FOR SALE


Bushnell, FL 33513
$4,580,000 USD
786-522-7013
1673 W Highway 48, Bushnell, FL for Sale
$4,580,000 USD
Storefront - FOR SALE
1/11
null | 5.5% Cap Rate

1673 W Highway 48
Bushnell, FL 33513


HIGHLIGHTS

  • Tractor Supply is a Fortune 500 Company with 2024 Revenues of $14.88 Billion (A 2.2% Increase over 2023)
  • Nasdaq: TSCO | Just Under $30 Billion Market Cap | Stock has Increased More than 104% Over the Past 5 Years
  • Sumter County Has Over 1,400 Farms Totaling Over 190,000 Acres Which Provides More Than 11,200 Jobs
  • Tractor Supply Just Extended Early an Additional Seven Years to the Lease
  • Rent Growth | 5% Increases Every 5 Years
  • Newer Construction Corporate Guaranteed

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,580,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.92 AC

LAND SF

170,755 SF

ZONING

-

APN/PARCEL ID

N17-116

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.