Single-Tenant Retail Net-Lease
2318 Patterson Rd Riverbank, CA 95367
For Sale
Contact for pricing
New 20-year net lease to Tractor Supply with scheduled 7% rental increases every five years.
Property Size23,729 SF
Price / SF$469.93
Days on Market100
Property Features for 2318 Patterson Rd
General Information
- Standard status
- Active
- Size
- 23,729 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Ryan Forsyth · License #CA 01716551
Source:
Crexi
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 23 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
This single-tenant retail property is offered for sale with a new 20-year net lease to Tractor Supply Company. The lease includes scheduled 7% rental increases every five years during the initial term, along with three (3) option periods of five (5) years each.
Tractor Supply is described in the offering materials as a corporate-backed tenant and the company is listed as NASDAQ: TSCO. The property is located at 2318 Patterson Rd in Riverbank, California.
The offering materials indicate the lease is structured as a net lease, designed to provide consistent income growth through the contractual rent increases across the initial term and option periods.
Tractor Supply is described in the offering materials as a corporate-backed tenant and the company is listed as NASDAQ: TSCO. The property is located at 2318 Patterson Rd in Riverbank, California.
The offering materials indicate the lease is structured as a net lease, designed to provide consistent income growth through the contractual rent increases across the initial term and option periods.
Key Highlights
- Year built: 2026.
- New 20‑year net lease to Tractor Supply Company (TSCO).
- Scheduled 7% rental increases every five (5) years during the initial term.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $882.7k | $37.20 |
| − Vacancy | −$90.9k | −$3.83 |
| EGI | $791.8k | $33.37 |
| − OpEx | −$237.5k | −$10.01 |
| NOI | $554.3k | $23.36 |
23,729 SF · lease $37.20/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.92M
$6.93M – $9.24M
NOI $554,259 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.03M
$9.65M – $12.87M
NOI $772,032 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - New 20-year net lease to Tractor Supply with scheduled 7% rental increases every five years.
Where is this retail space located?
The property is located at 2318 Patterson Rd Riverbank, CA.
What is the asking price?
The asking price for this property is $11,151,000.
What are key features of this property?
This property features: Year built: 2026.; New 20‑year net lease to Tractor Supply Company (TSCO).; Scheduled 7% rental increases every five (5) years during the initial term.
