Tractor Supply Company | "Gateway to Florida" 1064 E Duval St

Graystone Capital Advisors has been exclusively engaged to present for sale this new Tractor Supply Company currently under construction in Lake City, FL. The 21,252 SF building sits on a 32.65 Acre Site with an ~20,000 SF Fenced in Outdoor Display, Outdoor Garden Area and Feed Station. Construction is expected to be completed September 2024.
When rent commences, the lease will have a full 15 year term with four, five year options. Rent increases by 5% every 5 years, including the four option periods to help hedge inflation. The lease is corporately guaranteed by Tractor Supply Company, a publicly traded (TSCO) company, rated BBB / Baa1. There are over 2,200 locations nationwide. Additionally, the NNN structure of the lease limits landlord responsibilities to only roof, structure, parking, and general liability insurance.
With excellent visibility and a prominent location on US-90 (Duval Street), over 17,100 vehicles pass the site daily with another 16,800 vehicles passing through the area on US-41. Surrounding the site are numerous educational facilities, apartment communities, a VA medical Center and prominent national retailers such as Family Dollar, Save a Lot, Dollar General, Gerber Collision, McDonald’s, Winn Dixie, Waffle House, CVS, Hardee’s, KFC, Taco Bell and others.
Lake City is as the “Gateway to Florida” due to both I-75 and I-10 intersecting in the city carrying a large percentage of tourist and commercial traffic. Over the last decade, Lake City has experienced immense industrial growth with new developments such as North Florida Mega Industrial Park, United States Cold Storage, Haleco (630 Employees) and Nutrien (568 Employees). Lake City is also the County Seat of Columbia County, creating a stable local economy and providing job security to its residents.
The local economy is fueled by agriculture with 979 farms in Columbia County, producing $40 Million in Agricultural Products. There is a total of 107,074 Acres of Farm Land with an average farm size of 109. This is the targeted consumer base for Tractor Supply, America’s largest rural lifestyle retailer who serve farmers, ranchers and tradesmen in markets driven by agriculture.