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Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Middleburg market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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