1520 SE Discovery Ln - Retail FOR SALE


Warrenton, OR 97146
$1,920,000 USD
208-726-6495
1520 SE Discovery Ln, Warrenton, OR for Sale
$1,920,000 USD
Retail - FOR SALE
1/4
null | 6.35% Cap Rate

1520 SE Discovery Ln
Warrenton, OR 97146


OVERVIEW

• 100% occupied, four-tenant retail center leased to a diverse mix of retail and professional services tenants with recent lease extensions demonstrating long-term commitment to the site. • Outparcel to the only Costco within a 75-mile radius, positioned within Warrenton’s primary retail hub alongside Home Depot and a newer-construction Walmart, driving consistent daily traffic to the trade area. • Assumable debt at a 4.00% fixed interest rate through 2029 available to qualified buyers, generating a 7%+ cash-on-cash return at the list price. • The adjacent Costco, Walmart, & Home Depot locations combine for over 3.9M annual visits, ensuring strong nearby daily-needs traffic (per Placer.ai). • Additional future upside available through conversion to NNN leases. • High-quality 2015 construction with an extended roof warranty, located outside the 100-year flood plain, minimizing future capital expenditure risk. • High barriers to entry with limited developable land in the immediate submarket, protecting long-term occupancy and rent growth. • Trade area extends from Cannon Beach, OR to SW Washington — the nearest comparable retail cluster (Costco, Walmart, Fred Meyer, Home Depot) is located in Battle Ground, WA, 75 miles away. • Warrenton was Clatsop County’s fastest-growing city over the last decade, with approximately 200 housing units currently under construction or awaiting approval.

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CC

APN/PARCEL ID

58972

ASK ABOUT THIS PROPERTY

Michael FedericoNorthmarqMore Info
208-726-6495

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Michael FedericoNorthmarqMore Info
208-726-6495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.