1620 W Airway Rd, Lebanon, OR 97355

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN lease investment property located in Lebanon, Oregon. The tenant, S4 Décor, LLC recently signed a 5-year lease extension. The lease features 2.5% annual rental increases throughout the term steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The S4 Décor Industrial facility is strategically located along W. Airway Road, just off U.S. Highway 34 and U.S. Highway 20, the primary industrial and commercial thoroughfares serving the city of Lebanon, Oregon. The property is surrounded by a diverse mix of manufacturing, logistics, and service-oriented businesses, contributing to strong regional industrial demand. The site lies within the Lebanon Industrial Corridor, home to leading employers such as ENTEK Manufacturing, DSD Renewables, and Pennington Seed, and is within minutes of Lebanon State Airport and the Linn-Benton Community College Advanced Transportation Technology Center, providing a steady flow of skilled labor. In addition, the property benefits from its proximity to major national retailers and amenities including Walmart Supercenter, Harbor Freight, Safeway, Bi-Mart, and Dutch Bros, which enhance accessibility and employee convenience. Lebanon serves as a growing hub for light manufacturing, renewable energy, and distribution operations within Oregon’s Willamette Valley, offering direct connectivity to Salem (36 miles) and Portland (80 miles). The 5-mile trade area is supported by a growing population base with strong blue-collar employment and long-term industrial stability, making this an ideal location for sustained operational use and tenant retention.