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Listed by ALEX MCCARTHY • JOHN L. SCOTT-SALEM • 541-514-1779
$ 1,600,000
Est. payment /mo
Active Under Contract
2615 Lancaster Dr NE NE Salem, OR 97305
5,928 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,928 sqft
Price per Sqft $269
MLS Listing ID 839767
Lot Size 0.610 Acres
Acres 0.61
Property Sub-Type Retail
Property Description
Accepted Offer with Contingencies. This sale-leaseback retail opportunity in Salem features a reliable, passive income stream with long-term, stabilized tenant committed to the location and the business. El Ranchero is a very well-known high volume local business featuring on-site food & beverage, as well as abundant grocery, deli, and retail selections.Pricing offers a 7% CAP rate with NNN structure, 10-year term with options, and flexible lease terms. Tenant will assume responsibility for all on-site maintenance. The business has been there since 2019, anchored by Dollar Tree on a strategic, high-traffic commercial location. The property offers a blend of capital appreciation and immediate risk-adjusted returns for any investor.Updated financials and OM coming soon.Text / Call LA with questions.
Location
State OR
County Marion
Area 30 Suburban E Salem/North
Building
New Construction No
Nearby Locations
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3240 Commercial Street SE, Suite 100, Salem, Oregon, 97302, USA