1447 N 99 Hwy - Storefront FOR SALE
Cottage Grove, OR 97424 |
$899,000 USD
541-915-6009
1447 N 99 Hwy
Cottage Grove, OR 97424
HIGHLIGHTS
- Fully leased to Calvary Church through October 2029 (NNN lease)
- 9.0% cap rate with 3% annual rent increases
- Recent upgrades: new TPO roof (2022), landscaping (2023), prior interior remodels
- High-visibility location on Pacific Hwy near I-5 interchange
- Shared monument signage and common area agreement with neighboring tenants
- Tenant pays all NNN expenses except roof membrane & HVAC replacement
OVERVIEW
Fully leased ±9,360 SF NNN investment with Calvary Church through 2029. Recent roof, ADA upgrades & shared signage. Strong Hwy 99 visibility near I-5 in Cottage Grove. 9.0% cap rate. The property sits within the Village Center, alongside Dollar General, Goodwill, and Torero’s Mexican Restaurant, with a common area agreement and shared monument signage in place.
FOR SALE DETAILS
PRICE
$899,000 USD
PRICE/SF
$96 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Single-Tenant NNN Investment Opportunity
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
0.91 AC
LAND SF
39,776 SF
ZONING
C2P
APN/PARCEL ID
1243532
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541-915-6009
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541-915-6009
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