10616 Bald Hill Rd SE, Yelm, WA 98597

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 Yelm, Washington. The corporate entity recently signed a 15-year deal, demonstrating their commitment to the site. The lease features scheduled 5% rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The lease is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Tractor Supply Company operates more than 2,400 locations across the United States and continues to perform as the nation’s leading rural lifestyle retailer, reporting strong financial metrics and consistent revenue growth.

The Tractor Supply Co. is located near the signalized, hard-corner intersection of State Route 507 and Bald Hill Road SE, combining to deliver approximately 21,800 vehicles per day on SR 507 and 15,800 vehicles per day on Bald Hill Road SE. State Route 507 is a primary commercial arterial serving Yelm and surrounding Thurston County communities, generating steady daily traffic to the site. The property is positioned within the heart of Yelm’s dominant retail corridor with other nearby national/credit tenants including Walmart Supercenter, Safeway, Harbor Freight, Grocery Outlet, Dollar Tree, Goodwill, O’Reilly Auto Parts, Les Schwab, AutoZone, Starbucks, Verizon, T-Mobile, Anytime Fitness, UPS, Chevron, Dairy Queen, Taco Bell, and more, further increasing consumer activity in the immediate area. Additional demand drivers such as U-Haul, First Choice Self Storage, Prairie Hotel, Yelm Cinemas, Bud Barn, and multiple nearby residential communities amplify daily trip volume. Strong tenant synergy increases consumer draw to the immediate trade area and enhances crossover exposure to the Tractor Supply site.