4922 Timber dr - Retail FOR SALE


Lake Park, GA 31636
$7,413,000 USD
248-688-0631
4922 Timber dr, Lake Park, GA for Sale
$7,413,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

4922 Timber dr
Lake Park, GA 31636


HIGHLIGHTS

  • Brand New 20-Year Corporate Lease | Scheduled Rental Increases | Corporate Signed | Well-Known & Established Brand
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail Trade Area | Nearby Shopping Centers | Strong National/Credit Tenant Presence
  • Located Near State Highway 376 | Centralized Location | Brand New Construction | Excellent Visibility
  • Located Near State Highway 376 | Centralized Location | Brand New Construction | Excellent Visibility

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, newly built, freestanding, Tractor Supply Co. investment property located in Lake Park, GA. The tenant, Tractor Supply Company, recently signed a brand new 20-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1938, Tractor Supply Co. is the largest rural lifestyle retailer in the U.S. and ranks 293 on the 2024 Fortune 500 list. Tractor Supply Co. is strategically located near State Highway 376 with clear visibility and access to an average of 10,500 vehicles passing by daily. The property also benefits from access and direct frontage to Interstate 75 (55,600 VPD) making it a centralized location. The property is ideally situated within a dense retail trade area and is near Lake Park Outlets (239K+ SF), Lake Francis Shopping Center (63K+ SF), and Lake Park Factory Stores (46K+ SF). The surrounding tenants include Winn-Dixie, Chick-fil-A, O’Reilly Auto Parts, Bealls, Dairy Queen, McDonald’s, Napa Auto Parts, and others. The strong tenant presence drives a loyal, local consumer base to the area, promoting crossover exposure and contributing to the economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Arbor Trace (67 units), Oak Terrace at Lake Park (70 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 11,400 residents and 3,500 daytime employees with an average annual household income of $77,570.

FOR SALE DETAILS

PRICE

$7,413,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Company

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,083 SF

ZONING

C-H

APN/PARCEL ID

0198-007

ASK ABOUT THIS PROPERTY

Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

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Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.