Graystone Capital Advisors, a leading investment sales brokerage, is pleased to announce the closing of a newly constructed Tractor Supply Co located in LakeCity, FL. This property sold for $8,016,260 at 98% of list price. Multiple offers were procured.
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Julius Swolsky (Photo: Business Wire)
Julius Swolsky, Managing Director, and Shannon Bona, First Vice President, represented the seller, a prominent national developer and repeat client, and the buyer, a private investor in the Midwest region. The property went from contract to close in less than 45 days, outpacing the average market timeline.
"Tractor Supply Co. is a top choice for investors, as the corporate guarantee provides stability and assurance throughout the fifteen year lease term,” Bona states. “The tenant is highly regarded as the market-leading Rural Lifestyle Retailer servicing a niche of farmers, horse owners, ranchers, hobby farmers, contractors, tradesmen, and all homeowners alike."
Lake City, FL, often referred to as “The Gateway to Florida”, is strategically located along I-75, a major passage for Florida’s tourist and commercial traffic. The prime location is an ideal site to capitalize on the area’s stable economy by industrial expansion and growing infrastructure. The successful completion of this Tractor Supply transaction reflects Swolsky and Bona’s proficiency in new-construction net lease sales, having closed over a half a dozen Tractor Supply’s in the last six months.
About Graystone Capital Advisors
Graystone Capital Advisors is a full-service brokerage company located in Orange County, CA. Their team of experts specializes in disposition and acquisition services, leasing services, property valuation, transaction management, and equity placement. With decades of combined experience in the industry, the members of Graystone Capital Advisors have assembled a genuinely innovative team focused on efficiency, transparency, and accountability.
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Contacts
Brenton Baskin, info@graystoneca.com
