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Tractor Supply | Across from 73-Acre Develpmt 950 SW Booth Bend Rd 21,930 SF Retail Building McMinnville, OR 97128 $10,244,000 ($467.12/SF)

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Investment Highlights

Brand New 15-Year Lease | 5% Scheduled Rental Increases | Corporate Signature (Nasdaq: TSCO)
Across From Lowe’s Home Improvement Center | Nearby Multiple National/Credit Tenants

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 McMinnville, Oregon. The corporate entity recently signed a brand new 15-year lease with four (5-year) options to extend, demonstrating their long-term commitment to the site. The lease includes 5% scheduled rental increases every five years throughout the initial term and at the beginning of each option period, providing consistent NOI growth and a built-in hedge against inflation. With a NN structure, the tenant is responsible for CAM, taxes, insurance, and most on-site maintenance, while landlord obligations are limited to the roof, structure, foundation, parking lot (excluding snow & ice removal), and exterior utility lines—resulting in an ideal low-management, passive investment. Tractor Supply operates 2,400+ locations nationwide and maintains strong corporate performance with an average unit volume of approximately $6.5MM.