2615 Lancaster Dr NE NE, Salem, OR 97305
2615 Lancaster Dr NE NE, Salem, OR 97305
2615 Lancaster Dr NE NE, Salem, OR 97305
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Listed by ALEX MCCARTHY • JOHN L. SCOTT-SALEM • 541-514-1779
$1,600,000
Est. payment /mo
5,928 SqFt
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

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

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

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Willamette Valley MLS (WVMLS)

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Samantha Alley

Samantha Alley

+1(541) 918-5041

Listing Specialist and Principal Broker License ID: 941000189 | RE/MAX INTEGRITY

Listing Specialist and Principal Broker License ID: 941000189 | RE/MAX INTEGRITY

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