1900 NE 2Nd St Redmond, OR 97756

This is an opportunity to acquire a fee simple interest in a NN leased Tractor Supply Co. investment property located in Redmond, Oregon. The corporate entity recently signed a new 15-year lease with options to extend. The lease includes 5% scheduled rental increases throughout the initial term and at the beginning of each option period. 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. Tractor Supply operates over 2,400 locations nationwide and continues to demonstrate strong financial performance with an average unit volume of approximately $6.5MM. The property benefits from positioning directly across from a Walmart-anchored Supercenter, complemented by major retailers such as Petco, Marshalls, Famous Footwear, and The Home Depot. The surrounding area also features national and credit tenants including Starbucks, Panda Express, Surf Thru Car Wash, Dutch Bros, and others. The 5-mile trade area is supported by more than 45,885 residents and 16,390 employees. The average household income of $110,171 reflects the economic strength of the region.