Tractor Supply Company Investment
3296 Burdell Blvd, Lebanon, OR 97355
For Sale
Contact for pricing
NN leased Tractor Supply Company in Lebanon, Oregon for sale.
Property Size21,930 SF
Price / SF$457.77
Days on Market232
Property Features for 3296 Burdell Blvd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Calvin Short · License OR #01927216
Source:
Crexi
Added: Mar 27
Changed: Nov 5
Last Checked: Nov 12 at 7:58AM
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 SRS Real Estate Partners Newport Beach
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Investment Insights
Based on property information with market context.
The property is a fee simple interest (land & building ownership) in a NN leased Tractor Supply Company investment property located in Lebanon, Oregon. The corporate entity recently signed a brand new 15-year lease with 4 (5-year) options to extend. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is NN with limited landlord responsibilities. 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. The site is situated directly across the highway from a Walmart Supercenter. 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. The 5-mile trade area is supported by approximately 29,300 residents and 7,800 employees. Residents within 5 miles of the subject property have an average household income of $86,236. The property size is 21,930 square feet.
Key Highlights
- Brand new 15‑year lease with Tractor Supply Company (Nasdaq: TSCO).
- NN lease structure with limited landlord responsibilities.
- Corporate lease with Tractor Supply Company, with over 2,400 locations and $14.88 Billion in 2024 revenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$336,961
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,739,220
$6.7M
Cap Rate 7%
$4,813,729
$4.8M
Cap Rate 9%
$3,744,011
$3.7M
Market Conditions
NOI Build-Up for 21,930 SF
Gross rent
$707.9K $32.28/SF
− Vacancy
−$226.5K −$10.33/SF
EGI
$481.4K $21.95/SF
− OpEx
−$144.4K −$6.59/SF
NOI
$337.0K $15.37/SF
Area
Linn County, OR
Vacancy
32.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,739,220
Cap Rate 7%
$4,813,729
Cap Rate 9%
$3,744,011
Alternative Uses
Best Use
Retail
$4.81M
$4.21M – $5.62M
NOI $336,961 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.39M
$5.59M – $7.45M
NOI $447,204 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
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Business Placement
Demographics for 97355, OR
32,413
Population
13,623
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
214.3 sq mi
ZIP Area
151
Density / Sq Mi
$64,307
Median Household Income
$39,934
Median Earnings
$1,267
Median Rent
$332,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Linn County, OR
Properties on Market for Retail space in Linn County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - NN leased Tractor Supply Company in Lebanon, Oregon for sale.
Where is this retail space located?
The property is located at 3296 Burdell Blvd Lebanon, OR.
What is the asking price?
The asking price for this property is $10,039,000.
What are key features of this property?
This property features: Brand new 15‑year lease with Tractor Supply Company (Nasdaq: TSCO).; NN lease structure with limited landlord responsibilities.; Corporate lease with Tractor Supply Company, with over 2,400 locations and $14.88 Billion in 2024 revenue.
