The Orlando-based investment and property management company led the record deal in conjunction with RA Enterprises
ORLANDO, FLORIDA, USA, February 22, 2022 /EINPresswire.com/ — Lincoln Financial Services, LLC, an Orlando-based real estate investment and management firm, today announced its recent sale of the tractor supply store located at 15949 W Colonial Dr. in Oakland, Florida. Lincoln Financial Services has partnered with Rick Wilson of AR Companiesa commercial real estate development company located in Hot Springs, Arkansas, on the project.
Lincoln Financial Services’ sale of the Oakland Tractor Supply site marks an important milestone for Lincoln Financial Services and the Tractor Supply brand. The store sold for $10 million, making it the highest selling price ever for a Tractor Supply store.
The Oakland Tractor Supply project lasted just over a year, with Lincoln Financial Services entering into an agreement with RA Enterprises before the store was built and overseeing development through to final sale.
In addition to the development and sale of Tractor Supply, Lincoln Financial Services’ sister company, Oakland Town Center, LLC, purchased 7 acres of MOL surrounding the Oakland Tractor Supply as well as 10 acres of land east of store. Downtown Oakland plans to build developments that offer 90,000 square feet of retail and office space on the combined 17 acres.
“We really enjoyed working with Rick Wilson and his team on this project. Tractor Supply is an amazing addition to the City of Oakland, and we look forward to completing development in the years to come,” said Alex Reece, CEO of Oakland Town Center. , LLC. “Our goal is to deliver a high-quality project that will be the pride of the City of Oakland. We strive to attract top retailers, restaurants and businesses to join Tractor Supply in this great location.”
About Lincoln Financial Services, LLC
Lincoln Financial Services, based in Orlando, seeks to partner with high net worth individuals and companies looking to expand their portfolios through real estate development projects. The company seeks financially promising development projects that it can either build and sell, or buy and sell at a profit.
About RA Enterprises
RA Investments is an Arkansas-based developer that has led the development of over 3,000,000 square feet of real estate across 32 states. The award-winning company is a preferred developer for national retail tenants and has over 200 years of collective industry experience within its team. To learn more, visit www.wilent.net.
Downtown Oakland, LLC