September 7, 2022 – Steven Schiavello, Patrick Gray and Michael Talbert of Horvath & Tremblay have successfully completed the sale of Tractor Supply Company in Lutz, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $6,471,000.
Tractor Supply Company is located at 21228 Walmart Way in Lutz, Florida. The build to suit, single-tenant, net-leased Tractor Supply Company contains 19,097 square feet on a 3.22-acre parcel with an additional exterior fenced-in display area of 17,100 square feet. The Property has 12+ years remaining on a long-term double-net lease with four (4), 5-year renewal options. The Property is strategically located on Walmart Way, directly across the street from a Walmart Supercenter. Walmart Way is a half-mile long access road that connects Land O Lakes Boulevard (US Route 41) and Dale Mabry Highway (FL Route 597), the area’s primary commercial and commuter roadways in the growing trade area in Lutz. The road provides the only access to both Tractor Supply and Walmart and links the Property to more than 73,000 vehicles passing by the Property each day. Lutz is an unincorporated census-designated place (CDP) in both Hillsborough and Pasco County, 15 miles north of Tampa. The growing area had a population increase of approximately 15% from 2010 to 2020 and is expected to have continued growth of 3% annually over the next 5 years.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.