Battle Ground, WA - Tractor Supply

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate guaranteed
(NASDAQ: TSCO), investment grade (S&P: BBB) Tractor Supply Co investment property located in Battle Ground, Washington. The tenant, Tractor Supply Co recently signed a brand new 15-year lease with 4 (5-year) options 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 period, steadily growing NOI and hedging against inflation. The lease is NN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The site is newly constructed and recently opened for business.

The property is located at the signalized, highly visible corner of SW 10th Ave (40,860 VPD) and SW Eaton Ave (22,120 VPD), attracting significant consumer traffic to the intersection. Additionally, the site is positioned just south of a Walmart Supercenter anchored center that also features national/credit tenants including AutoZone Auto Parts, Wendy’s, and more. Furthermore, the asset features extremely limited competition in the trade area with Tractor Supply being one of the few outdoor supplies shops in the area. Moreover, Tractor Supply is situated just across the road from The Gardner Center, a 102,000 square foot shopping center anchored by Battle Ground Cinema, helping draw consumers to the trade. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Fred Meyer, Safeway, Albertsons, Dollar Tree, and more, further increasing consumer traffic to the site. Strong tenant synergy promotes crossover shopping to the subject property. The 5 mile trade area is supported by over 64,300 residents and 12,100 employees. Residents within 5-miles boast an affluent average household income of $142,956.