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Shopping Neighborhood

Tractor Supply & Dollar Tree Anchored Shopping Center

931 US-331, DeFuniak Springs, FL 32435

Listing Price: $5,970,518

Cap Rate
7.35%
Gross SF
61,878
Rentable SF
61,878
Price/Gross SF
$96.49
Lot Size
10.07 acres
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to exclusively present a 100% occupied Tractor Supply and Dollar Tree Anchored Shopping Center in DeFuniak Springs, Florida. Remaining tenants include a healthy mix of services, medical, and retail including national tenants T-Mobile, Hibbett Sports, Cato Fashions, and Jackson Hewitt. The new owner will benefit from recent capital improvements, including a new Duro-Last roof for Tractor Supply, under a 15-year warranty until 2036, new lift station sewage pumps, and an updated LED front pylon sign. This property also has an extremely large parking lot with approximately 407 surface spaces. The population within five miles has grown 30% since 2010 and is expected to grow another 9% by 2027. Conveniently, subject property is situated on a heavily traveled road, with 25,500 vehicles per day and over 520 feet of frontage. The surrounding area is a hospitality hub, with seven hotels, with over 350 rooms, within 1.3 miles. There are also an abundance of retailers in close proximity. Subject property is adjacent to Winn-Dixie, Walmart Supercenter, Walgreens, Bealls Outlet, Harbor Freight Tools, Rent-A-Center, Pizza Hut, Arby’s, and more.

Investment Highlights

  • 100% Occupied Shopping Center Anchored Tractor Supply and Dollar Tree | National Tenants Include Tractor Supply, Dollar Tree, T-Mobile South, Hibbett Sports, Cato Fashions, and Jackson Hewitt
  • New Owner will Benefit from Recent Capital Improvements | New Duro-Last Roof for Tractor Supply Portion of the Center in 2021 | Under 15-Year Warranty Until 2036
  • Large Parking Lot with Approximately 407 Surface Spaces
  • The Population Within Five Miles has Grown 30% Since 2010 and is Expected to Grow 9% by 2027
  • Long Operating History | Four Tenants have been Located in this Strip for More than 10 Years
  • Situated on a Heavily Traveled Road with High Visibility | U.S. 355 Sees 25,500 Vehicles per Day | Over 520 Feet of Frontage
  • Hospitality Hub | Seven Hotels Within 1.3 Miles | More than 350 Rooms
  • In Close Proximity to Many Major Retailers | Adjacent to Winn-Dixie, Walmart Supercenter, Walgreens, Bealls Outlet, Harbor Freight Tools, Rent-A-Center, Pizza Hut, Arby's, and More

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Shopping Neighborhood

Tractor Supply & Dollar Tree Anchored Shopping Center

Listing Price: $5,970,518

Cap Rate
7.35%
Gross SF
61,878
Rentable SF
61,878
Price/Gross SF
$96.49
Lot Size
10.07 acres
Year Built
1988

Investment Highlights

  • 100% Occupied Shopping Center Anchored Tractor Supply and Dollar Tree | National Tenants Include Tractor Supply, Dollar Tree, T-Mobile South, Hibbett Sports, Cato Fashions, and Jackson Hewitt
  • New Owner will Benefit from Recent Capital Improvements | New Duro-Last Roof for Tractor Supply Portion of the Center in 2021 | Under 15-Year Warranty Until 2036
  • Large Parking Lot with Approximately 407 Surface Spaces
  • The Population Within Five Miles has Grown 30% Since 2010 and is Expected to Grow 9% by 2027
  • Long Operating History | Four Tenants have been Located in this Strip for More than 10 Years
  • Situated on a Heavily Traveled Road with High Visibility | U.S. 355 Sees 25,500 Vehicles per Day | Over 520 Feet of Frontage
  • Hospitality Hub | Seven Hotels Within 1.3 Miles | More than 350 Rooms
  • In Close Proximity to Many Major Retailers | Adjacent to Winn-Dixie, Walmart Supercenter, Walgreens, Bealls Outlet, Harbor Freight Tools, Rent-A-Center, Pizza Hut, Arby's, and More

Investment Overview

Marcus & Millichap is pleased to exclusively present a 100% occupied Tractor Supply and Dollar Tree Anchored Shopping Center in DeFuniak Springs, Florida. Remaining tenants include a healthy mix of services, medical, and retail including national tenants T-Mobile, Hibbett Sports, Cato Fashions, and Jackson Hewitt. The new owner will benefit from recent capital improvements, including a new Duro-Last roof for Tractor Supply, under a 15-year warranty until 2036, new lift station sewage pumps, and an updated LED front pylon sign. This property also has an extremely large parking lot with approximately 407 surface spaces. The population within five miles has grown 30% since 2010 and is expected to grow another 9% by 2027. Conveniently, subject property is situated on a heavily traveled road, with 25,500 vehicles per day and over 520 feet of frontage. The surrounding area is a hospitality hub, with seven hotels, with over 350 rooms, within 1.3 miles. There are also an abundance of retailers in close proximity. Subject property is adjacent to Winn-Dixie, Walmart Supercenter, Walgreens, Bealls Outlet, Harbor Freight Tools, Rent-A-Center, Pizza Hut, Arby’s, and more.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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