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New Tractor Supply | Main Retail Corridor 1900 NE 2nd St 21,930 SF 4-Star Retail Building Redmond, OR 97756 $10,897,000 ($496.90/SF)
Investment Highlights
- Brand New 15-Year Lease | 5% Scheduled Rental Increases | Corporate Signature (Nasdaq: TSCO)
- Across From Walmart & Home Depot Anchored Center | Multiple National/Credit Tenants Nearby
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,930 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2026
Price
$10,897,000
Price Per SF
$496.90
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
4.02 AC
Zoning
C1 - Commercial
Parking
80 Spaces (3.65 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 129388 | Improvements Assessment | $0 |
| Land Assessment | $622,660 | Total Assessment | $622,660 |
Property Taxes
Parcel Number
129388
Land Assessment
$622,660
Improvements Assessment
$0
Total Assessment
$622,660
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New Tractor Supply | Main Retail Corridor | 1900 NE 2nd St
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