Commercial Real Estate /OR /Marion County /Salem /1302 Lancaster Dr NE
Commercial Real Estate /OR /Marion County /Salem /1302 Lancaster Dr NE
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1302 Lancaster Dr NE - Restaurant FOR SALE


Salem, OR 97301 | 
Off Market
1/3

1302 Lancaster Dr NE
Salem, OR 97301

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HIGHLIGHTS

  • 30+ YEAR HISTORICAL OCCUPANCY AND EARLY 14-YEAR LEASE
  • INVESTMENT GRADE CREDIT (S&P “BBB-“) AND STRONG CORPORATE OPERATOR
  • STRONG 2021 TENANT OPERATING PERFORMANCE
  • LARGE 2.89 ACRE LOT WITH 19,000 SF BUILDABLE PAD
  • AAA I-5 CORRIDOR LOCATION WITH STRONG VISIBLITY AND ACCESS
  • ABSOLUTE NNN GROUND LEASE

FOR SALE DETAILS

PRICE

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CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Olive Garden (Ground Lease)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

9155

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

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ZONING

-

APN/PARCEL ID

576497
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