1900 NE 2nd St - Freestanding FOR SALE


Redmond, OR 97756
$10,806,000 USD
949-506-2009
1900 NE 2nd St, Redmond, OR for Sale
$10,806,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

1900 NE 2nd St
Redmond, OR 97756


HIGHLIGHTS

  • Brand New 15-Year Lease | 5% Scheduled Rental Increases | Corporate Signature (Nasdaq: TSCO)
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Across From Walmart & Home Depot Anchored Center | Multiple National/Credit Tenants Nearby
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

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 Redmond, Oregon. The corporate entity recently signed a brand new 15-year lease with options to extend at close of escrow. The lease includes 5% scheduled rental increases throughout the initial term and at the beginning of each option period, supporting steady NOI growth and providing a built-in hedge against inflation. With a NN structure, the Landlord responsibilities are limited to the roof, structure, foundation, parking lot (excluding snow/ice removal), drainage facilities and exterior utility lines—making this an ideal low management investment for passive investors seeking stable, long-term income backed by a strong corporate guaranty. Tractor Supply operates 2,400+ locations nationwide and continues to demonstrate strong financial performance with an average unit volume of approximately $6.5MM.

FOR SALE DETAILS

PRICE

$10,806,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Tractor Supply | Main Retail Corridor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

4.02 AC

LAND SF

175,111 SF

ZONING

-

APN/PARCEL ID

129388

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.