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    Property profile & analytics
    OFF-MARKET
    Retail space

    1701 Blanding Blvd, Middleburg, FL 32068

    24,500 SF 5.03 ac lot Built 2023
    Entity Owned 4-yr Hold
    Property ID
    US18-3183261
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Year built 2023
    Total area 24,500 SF
    Lot 5.03 ac (219,107 SF)
    UPID US18-3183261
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Hanlex Orange Park LLC · 4 yrs held
    Hanlex Orange Park LLC
    since 2021
    2 recorded transactions
    2023
    2021
    $1.6M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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