Callahan, FL - Tractor Supply Co

Description:

• 14+ years remaining on the lease with 4 (5-year) option periods to extend, demonstrating their commitment
• The lease features 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by the corporate entity (S&P: BBB | NASDAQ: TSCO)
• Founded in 1938, Tractor Supply Co. is the largest rural lifestyle retailer in the United States with over 2,300 operating stores

• The subject property is ideally fronting US Route 1 and located off the signalized, hard corner intersection of US Route 1 and Dr MLK Jr Ave
• Just off US 301, which runs directly South into Ocala, Tampa, and other major MSAs
• Callahan is known for its timber and agriculture industries, which will allow this location to benefit from the needs of those trades
• A $63M golf entertainment complex—named Pine Royale—is under development in Callahan, situated 5 miles South of the subject site. It will include a lighted 9-hole course, full public waterpark, and 450-stall RV park