Tractor Supply Company | Brand New Golden Gate Blvd

Graystone Capital Advisors has been exclusively engaged to present for sale a Tractor Supply Company currently under construction at the signalized intersection of Wilson Boulevard and Golden Gate Boulevard in Naples, FL. This Trophy Location has an estimated completion date is set for September 2024. The 23,729 SF single-tenant building will sit on 6.655 Acres on Golden Gate Boulevard, the main corridor connecting downtown Naples to the coveted Golden Gate Estates. This location is unique as it features Tractor Supply Company’s new corporate initiatives including a Garden Center, Feed Center, and a 20,000 square foot fenced in outdoor display area, further serving consumer demand.
The lease has a brand new 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. An investor has the unique opportunity to acquire this passive single-tenant investment with a trophy location in Naples.
With excellent visibility and access, this Tractor Supply Company is prominently located in the heart of Naples’ industrial and retail corridors, surrounded by numerous affluent communities, luxury apartment and condominium complexes and country clubs. Across the street from the site is a newly developed 7-Eleven, Walgreens and a Bravo Supermarkets Anchored Center. Additionally, there are over twenty ranches and farms in proximity to the Subject, with numerous State Parks, Reservations and Wildlife Management Areas supporting demand for rural and agricultural product.
Naples is the County Seat for Collier County, which produces a total of $388 Million in Agricultural Product annually. The county has over 330 Farms, accounting for 117,671 Acres of farm land with the average farm size of 538 Acres. The average farm size grew by 17% between 2017 and 2022.
Historically, Naples has been named “Happiest & Healthiest City” by Gallup Ratings. It also has the second highest millionaires per capita. Naples has grown by 19% in the last decade, further driving demand and stabilizing the consumer base for this new Tractor Supply Company.