Redmond, OR - Tractor Supply Co

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased Tractor Supply Co. (Nasdaq: TSCO) investment property located in Redmond, Oregon. The corporate entity recently signed a brand new 15-year lease with options to extend at close of escrow. The lease includes 5% scheduled rental increases throughout the initial term and at the beginning of each option period, supporting steady NOI growth and providing a built-in hedge against inflation. With a NN structure, the Landlord responsibilities are limited to the roof, structure, foundation, parking lot (excluding snow/ice removal), drainage facilities and exterior utility lines—making this an ideal low management investment for passive investors seeking stable, long-term income backed by a strong corporate guaranty. Tractor Supply operates 2,400+ locations nationwide and continues to demonstrate strong financial performance with an average unit volume of approximately $6.5MM.

The property benefits from exceptional positioning directly across from a Walmart-anchored Supercenter, complemented by major big-box retailers such as Petco, Marshalls, Famous Footwear, and The Home Depot. The surrounding area also features high-performing national and credit tenants including Starbucks, Panda Express, Surf Thru Car Wash, Dutch Bros, and others, generating strong tenant synergy and constant crossover traffic to the site. The 5-mile trade area is supported by more than 45,885 residents and 16,390 employees, offering a deep and stable customer base. An average household income of $110,171 reflects the economic strength of the region and further supports long-term performance for this Tractor Supply location.

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