911 Griffin Ave, Enumclaw, WA 98022

This offering presents the opportunity to acquire a fee simple interest in a NN leased Tractor Supply Co. investment property in Enumclaw, Washington. The corporate entity recently signed a 15-year lease with options to extend at the close of escrow. The lease includes 5% scheduled rental increases 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 U.S. and maintains strong financial performance with a national average unit volume of approximately $6.5MM. The property is located near the signalized, hard-corner intersection of Griffin Avenue and 1st Street, with a combined average of over 29,000 vehicles passing by daily. Griffin Avenue serves as Enumclaw’s primary commercial thoroughfare and is home to a dense concentration of national/credit tenants including Safeway, Grocery Outlet, Walgreens, Verizon, Starbucks, Taco Bell, Dollar Tree, O’Reilly Auto Parts, Les Schwab, AutoZone, and McDonald’s. The 15-mile trade area is supported by strong residential growth, solid household incomes, and a diverse employment base. Residents within 5 miles of the subject property benefit from convenient access to the city’s primary retail corridor and daily-needs destinations. The property size is 22,016 square feet.