5516 Woodbine Rd - Storefront FOR SALE


Pace, FL 32571
$7,982,000 USD
949-506-2009
5516 Woodbine Rd, Pace, FL for Sale
$7,982,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

5516 Woodbine Rd
Pace, FL 32571


HIGHLIGHTS

  • Brand New, 15-Year Lease | Scheduled Rental Increases | Established Brand
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Adjacent to Stonebrook Plaza (235,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
  • Located Along Woodbine Rd (18,000 VPD) | New Construction | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

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 Pace, Florida. The tenant recently 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 features 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.

FOR SALE DETAILS

PRICE

$7,982,000 USD

PRICE/SF

$366 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Tractor Supply | Next to Publix | 15-Yr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

3.14 AC

LAND SF

136,778 SF

ZONING

GC

APN/PARCEL ID

32-2N-29-0000-02311-0000

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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