Westlake, FL - Tractor Supply

Description:

• The tenant recently signed a brand new 15-year lease with an additional
4 (5-year) option periods to extend
• The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option
• The lease is signed by the corporate entity (S&P: BBB | NASDAQ: TSCO)

• The subject property is part of a brand new construction shopping center that features other tenants such as Verizon, Habit Burger, KFC, and Starbucks
• The agricultural land to the West will provide a direct consumer base from which to draw
• Westlake Press Releases & New Development Info:
• “Minto Communities USA announces that its award-winning community, Westlake, has once again been recognized among the top 50 master-planned communities in the United States. Westlake has climbed the ranks on the RCLCO Real Estate Consulting mid-2024 listing, moving up from the 31st position in 2023 to now being ranked 24th”
• “Conceived to be the “New Downtown” for Central Palm Beach County, Westlake is a lifestyle-focused, mixed-use community encompassing 3,800 acres with the capacity for 6,500 homes and 2.2 million square feet of retail, restaurant, office, and other commercial development”
• Westlake has more than 2M SF of commercial development space. The first commercial plaza, Westlake Plaza, welcomed its first Publix in June — the 50,000 SF supermarket chain on Southeast corner between Seminole Pratt Whitney Road and Persimmon Boulevard
• The fast-growing corridor & trade area will provide long-term viability in the underlying real estate for a future investor