New Naples Tractor Supply store listed for nearly $12 million

Naples/Fort Myers/Charlotte

Plaza purchase: A Bonita Springs retail and office center has been sold. The property is Vogue Plaza at 24520 Production Circle, just off of South Tamiami Trail and across from the Publix-anchored Shoppes at Pelican Landing. The sale was announced by CRE Consultants, which negotiated the deal. According to the Fort Myers firm, the buyer was a Naples LLC named Smithcorp Realty Bonita. It paid $3.45 million for the property. The previous owner was an individual. The 19,092-square-foot center was built in 1998 and, according to a listing on LoopNet, has two spaces totaling 5,714 square feet available for lease. One is a 2,339-square-foot office/retail space listed at $16 per square foot. It includes an open work area, three offices, conference and storage space as well as a kitchen/break room. The other is a 3,375-square-foot office space listed at $15 per square foot. It includes an open work area, 12 offices, two conference rooms and a kitchen/break room. CRE’s Stan Stouder worked on the deal for the firm and is listed as the broker to contact in the LoopNet listing.

The tractor story: A Tractor Supply Co. store under construction in Naples is up for sale. The property is at the corner of Wilson Boulevard and Golden Gate Boulevard and is listed for $11.56 million. The 23,279-square-foot building, expected to be completed this month, sits on 6.655 acres. According to the listing from Graystone Capital Advisors, the retailer has signed a 16.1-year lease which began Sep. 12, 2023 and is paying $487.29 per square foot. The lease includes 5% increases every five years and four five-year extensions. Graystone says in the listing that this location will include several new Tractor Supply store initiatives including a garden center, feed center and a 20,000 square foot fenced in outdoor display area. Tractor Supply is a national chain that sells farm supplies, pet and animal feed and supplies, clothing, tools and fencing. It currently operates about 2,200 stores nationwide. While construction should be done soon, the listing says the occupancy date is Nov. 1.