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Tractor Supply | Across from 73-Acre Develpmt 950 SW Booth Bend Rd 21,930 SF Retail Building Mcminnville, OR 97128 $10,153,500 ($463.00/SF)
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.
Property Facts
Sale Type
Investment
Property Type
Building Size
21,930 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$10,153,500
Price Per SF
$463.00
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
4.60 AC
Zoning
C-3 - General Commercial
Parking
86 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
272’ on Southwest Booth Bend Road
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 172020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $830,695 |
Property Taxes
Parcel Number
172020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$830,695
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Tractor Supply | Across from 73-Acre Develpmt | 950 SW Booth Bend Rd
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