Net-Leased Retail Tractor
For Sale
$7,042,735
7633 US-301, Hawthorne, FL 32640
Brand new Tractor Supply offered as a net leased investment with a 15-year NN lease and 5% increases every five years.
Property Size19,097 SF
Days on Market147
Property Features for 7633 US-301
General Information
Standard status
Active
Size
19,097 SF
Property subtype
Commercial
Lease Term
± 12 Years
Net Operating Income
$412,000
Building Details
Building Size
19,097 SF
Year Built
2022
Listed By:
Josh Bishop · License #688810 (TX)
(214) 692-2289
Source:
Matthews
Added: Apr 11
Changed: Sep 3
Last Checked: Sep 4 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Josh Bishop
Investment Insights
Based on property information with market context.
SVN Southland presents a brand new Tractor Supply located at 7633 US-301 in Hawthorne, Florida. The property is offered as a net leased investment with an initial 15-year NN lease term and 5% rental increases every five years.
The lease includes four (4) additional five-year renewal options. National tenants in the immediate area include Dollar General, CVS, Chevron, Shell, and Love’s Travel Shop.
This offering is structured as a net lease investment under the stated contract terms and renewal schedule.
The lease includes four (4) additional five-year renewal options. National tenants in the immediate area include Dollar General, CVS, Chevron, Shell, and Love’s Travel Shop.
This offering is structured as a net lease investment under the stated contract terms and renewal schedule.
Key Highlights
- Brand new Tractor Supply net leased investment
- 15‑year NN lease term
- 5% rental increases every 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$208,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,168,540
$4.2M
Cap Rate 7%
$2,977,529
$3.0M
Cap Rate 9%
$2,315,856
$2.3M
Market Conditions
NOI Build-Up for 19,097 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$325.4K $17.04/SF
− Vacancy
−$27.7K −$1.45/SF
EGI
$297.8K $15.59/SF
− OpEx
−$89.3K −$4.68/SF
NOI
$208.4K $10.91/SF
Area
Alachua County, FL
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,168,540
Cap Rate 7%
$2,977,529
Cap Rate 9%
$2,315,856
Alternative Uses
Best Use
Retail
$2.98M
$2.61M – $3.47M
NOI $208,427 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.81M
$4.21M – $5.62M
NOI $337,009 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 32640, FL
10,281
Population
5,353
Households
1.9
Avg Household Size
51
Median Age
14%
College-Educated
84%
High-School Grad
187.7 sq mi
ZIP Area
55
Density / Sq Mi
$58,727
Median Household Income
$35,833
Median Earnings
$959
Median Rent
$153,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Brand new Tractor Supply offered as a net leased investment with a 15-year NN lease and 5% increases every five years.
Where is this retail space located?
The property is located at 7633 US-301 Hawthorne, FL.
What is the asking price?
The asking price for this property is $7,042,735.
What are key features of this property?
This property features: Brand new Tractor Supply net leased investment; 15‑year NN lease term; 5% rental increases every 5 years
