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2318 Patterson Rd
Riverbank, CA 95367
Tractor Supply Co | Riverbank, CA · Retail Property For Sale
Investment Highlights
- New 20-year net lease to Tractor Supply Company, the largest rural lifestyle retailer in the U.S. with over 2,200 locations across 49 states
- Corporate-backed lease by Tractor Supply (NASDAQ: “TSCO”, S&P BBB rating) offers investmentgrade credit security.
- Tractor plans to open approximately 100 new stores in 2026.
- 7% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth
- Net sales increased by 4.3% in 2025 to $15.52 billion, driven by new store openings and the acquisition of Allivet, a privately held online pet pharma
- New stores, particularly in the western U.S., are a key driver of growth, with a goal to reach over 3,400 stores by 2034
Executive Summary
This property presents a rare investment opportunity anchored by a corporate-backed lease with Tractor Supply Company (NASDAQ: TSCO), rated BBB by S&P, ensuring strong credit stability. Positioned at the signalized intersection of Patterson Road and Estelle Avenue, the site boasts exceptional visibility and ease of access. Located directly along State Route 108, the property benefits from significant daily exposure to 26,000 vehicles, capturing robust commuter traffic flows.
The location is further enhanced by its proximity to Riverbank Crossroads, a major retail destination attracting over 8 million annual visitors, situated just two miles south. Additionally, the property is only 4.5 miles from Memorial Medical Center, a 423-bed facility and one of the region’s largest employers with over 57,000 employees system-wide. Centrally located within reach of San Francisco, San Jose, and Sacramento, this asset connects seamlessly to key Bay Area markets.
With projected income growth in 1-, 3-, and 5-mile radii over the next five years, the surrounding market demonstrates strong demand dynamics. This combination of a secure, investment-grade tenancy and exceptional positioning within a growing trade area makes this property a compelling long-term retail investment.
The location is further enhanced by its proximity to Riverbank Crossroads, a major retail destination attracting over 8 million annual visitors, situated just two miles south. Additionally, the property is only 4.5 miles from Memorial Medical Center, a 423-bed facility and one of the region’s largest employers with over 57,000 employees system-wide. Centrally located within reach of San Francisco, San Jose, and Sacramento, this asset connects seamlessly to key Bay Area markets.
With projected income growth in 1-, 3-, and 5-mile radii over the next five years, the surrounding market demonstrates strong demand dynamics. This combination of a secure, investment-grade tenancy and exceptional positioning within a growing trade area makes this property a compelling long-term retail investment.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
23,729 SF
Building Class
B
Year Built
2026
Price
$15,427,967 CAD
Price Per SF
$650.17 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
3.14 AC
Parking
78 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
251’ on Patterson Road
Property Taxes
| Parcel Number | 075-11-33 | Improvements Assessment | $0 CAD |
| Land Assessment | $3,025,598 CAD | Total Assessment | $3,025,598 CAD |
Property Taxes
Parcel Number
075-11-33
Land Assessment
$3,025,598 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,025,598 CAD
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