31176 Or-213 Molalla, OR 97038
- Retail properties
- 19,097 SF
- 3.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 31176 Or-213
- Year built
- 2020
- Lot size
- 3.98 lot acres
- Property size
- 19,097 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 19,097-square-foot Tractor Supply Company storefront in Molalla, Oregon, part of the Portland MSA. Built in 2020, this property boasts a 15-year net lease (NN) with 10.8 years remaining, expiring September 24, 2035. The lease includes four 5-year renewal options and a favorable 5% rent increase every five years, with the next increase in 2025. Located on South Highway 213 (11,100 VPD), this strategically positioned property benefits from high visibility and strong traffic counts. The tenant, Tractor Supply Company (TSCO), is an investment-grade tenant with a Standard & Poor's BBB rating and is ranked #291 on the 2024 Fortune 500 list. The property sits on a 3.98-acre lot and is surrounded by other nationally recognized retailers, including Safeway, Starbucks, McDonald's, and more. The strong demographics further enhance this investment, with over 17,600 people residing within a five-mile radius and an average household income exceeding $96,047. The asking price is $5,996,800, representing a price per square foot of $314.02. This property offers a compelling combination of a strong tenant, long-term lease, and attractive location within a thriving market, making it an ideal addition to any portfolio. The property is situated approximately 30 miles south of Portland.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Molalla
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.603
- Latitude
- 45.1544
