Property profile

1701 Blanding Blvd Middleburg, FL 32068

FOR SALE
Retail properties & Spaces
Property ID
US18-3183261
24,500 SF 5.03 ac lot Built 2023
Entity Owned 4-yr Hold
Saved · see the list in your Dashboard

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 properties & Spaces
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

Location

1701 Blanding Blvd Middleburg, FL 32068
Middleburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2021
2 recorded transactions
2023
Price N/A
2021
$1.6M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message