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.