August 26, 2020 – Zach Smith of Horvath & Tremblay has successfully completed the sale of Tractor Supply Company in Seffner, Florida. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $5,635,000, a 5.59% Cap Rate.
The Tractor Supply Company is located at 916 W Dr. Martin Luther King Boulevard in Seffner, Florida. The stand-alone building was constructed in 2020 for Tractor Supply, and consists of 19,097 square feet on 3.44 acres of land. Tractor Supply Company has a new 15 year, corporately backed, Double-Net Lease with four (5-Year Options). The lease features 5% rent increases every five years throughout both the current term and the option periods. Tractor Supply Company is strategically positioned along State Highway 574, with excellent visibility and access along a dense retail corridor with average traffic counts of more than 42,350 vehicles per day. Furthermore, the property is the closest Tractor Supply Co to downtown Tampa, FL (11-miles).
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.