Lake Park, GA - Tractor Supply Co

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, newly built, freestanding, Tractor Supply Co. investment property located in Lake Park, GA. The tenant, Tractor Supply Company, recently signed a brand new 20-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1938, Tractor Supply Co. is the largest rural lifestyle retailer in the U.S. and ranks 293 on the 2024 Fortune 500 list.

Tractor Supply Co. is strategically located near State Highway 376 with clear visibility and access to an average of 10,500 vehicles passing by daily. The property also benefits from access and direct frontage to Interstate 75 (55,600 VPD) making it a centralized location. The property is ideally situated within a dense retail trade area and is near Lake Park Outlets (239K+ SF), Lake Francis Shopping Center (63K+ SF), and Lake Park Factory Stores (46K+ SF). The surrounding tenants include Winn-Dixie, Chick-fil-A, O’Reilly Auto Parts, Bealls, Dairy Queen, McDonald’s, Napa Auto Parts, and others. The strong tenant presence drives a loyal, local consumer base to the area, promoting crossover exposure and contributing to the economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Arbor Trace (67 units), Oak Terrace at Lake Park (70 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 11,400 residents and 3,500 daytime employees with an average annual household income of $77,570.