203 Pacific Ave - Freestanding FOR SALE
Glendale, OR 97442 |
$1,593,600 USD
858-373-3184
203 Pacific Ave
Glendale, OR 97442
HIGHLIGHTS
- Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Built Retail Asset with Modern Construction.
- Located directly along Pacific Avenue (OR-99) - Primary Commercial Corridor through Glendale, providing Strong Daily Visibility to Commuter Traffic.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s & Annual Revenue Exceeding $4B.
- Conveniently Located approximately 2.7 Miles from Interstate 5, supporting Strong Access for Regional Trips, Deliveries, and Pass-Through Traffic.
- Proximity to Regional Gaming and Resort - Within the Same Broader Douglas County Regional Draw as Seven Feathers Casino Resort in Canyonville.
- The Property benefits from proximity to Popular Outdoor Destinations including Cow Creek Recreation Area, Rogue River Fishing Areas, and more.
OVERVIEW
Dollar General | Absolute Net Lease | Along Pacific Avenue (OR-99) - Glendale’s Primary Commercial Roadway | Minutes from Interstate-5 | Near Popular Outdoor Destinations | Proximity to Regional Gaming and Resort | Amazon Resistant Investment Grade Retail Asset
Oregon Broker of Record: David Tabata | 111 SW 5th Ave., Suite 1950 Portland, OR 97204 | P: (503) 200-2000 | Lic #: 201224889 | David.Tabata@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$1,593,600 USD
PRICE/SF
$212 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DOLLAR GENERAL | ABSOLUTE NET LEASE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.81 AC
LAND SF
35,284 SF
ZONING
C
APN/PARCEL ID
R42838
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858-373-3184
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858-373-3184
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