3296 Burdell Blvd, Lebanon, OR 97355 For Sale

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 Company (Nasdaq: TSCO) investment property located in Lebanon, Oregon. The corporate entity recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging 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 has more than 2,400 locations across the US, and reported a 2024 revenue of over $14.88 Billion.

The Tractor Supply Company is located adjacent to U.S. Highway 20, which averages 21,200 vehicles passing by daily and serves as a major north/south traveling highway through the heart of Lebanon. Additionally, the site is situated directly across the highway from a Walmart Supercenter, which helps increase crossover traffic to the subject property. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Safeway, Grocery Outlet, Harbor Freight Tools, Chipotle, AutoZone, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by approximately 29,300 residents and 7,800 employees, providing a direct consumer base from which to draw. Residents within 5 miles of the subject property have an average household income of $86,236.